Renaissance Technologies LLC boosted its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 841,400 shares of the company's stock after buying an additional 237,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.40% of Centerra Gold worth $4,788,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its position in shares of Centerra Gold by 6.0% during the 4th quarter. Legal & General Group Plc now owns 673,664 shares of the company's stock valued at $3,832,000 after acquiring an additional 37,862 shares during the period. Invesco Ltd. grew its holdings in Centerra Gold by 11.3% in the fourth quarter. Invesco Ltd. now owns 1,586,047 shares of the company's stock valued at $9,025,000 after purchasing an additional 160,507 shares during the period. Aristides Capital LLC increased its position in shares of Centerra Gold by 164.1% in the fourth quarter. Aristides Capital LLC now owns 81,018 shares of the company's stock valued at $461,000 after buying an additional 50,336 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Centerra Gold by 90.2% during the 4th quarter. Russell Investments Group Ltd. now owns 896,254 shares of the company's stock worth $5,098,000 after buying an additional 425,041 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Centerra Gold during the 4th quarter valued at approximately $614,000. Hedge funds and other institutional investors own 55.40% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CGAU. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Desjardins downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Raymond James reissued an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.00.
Check Out Our Latest Stock Report on Centerra Gold
Centerra Gold Price Performance
Centerra Gold stock traded down $0.12 during trading on Friday, reaching $6.62. 736,457 shares of the company were exchanged, compared to its average volume of 850,142. The stock's 50 day simple moving average is $6.18 and its two-hundred day simple moving average is $6.24. The company has a market capitalization of $1.39 billion, a P/E ratio of 18.39 and a beta of 0.81. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The company had revenue of $302.40 million for the quarter, compared to analysts' expectations of $316.92 million. As a group, equities analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current year.
Centerra Gold Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.07 dividend. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.23%. Centerra Gold's dividend payout ratio is 52.78%.
About Centerra Gold
(
Free Report)
Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.
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