Russell Investments Group Ltd. Buys 425,041 Shares of Centerra Gold Inc. (NYSE:CGAU)

Russell Investments Group Ltd. boosted its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 90.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 896,254 shares of the company's stock after acquiring an additional 425,041 shares during the quarter. Russell Investments Group Ltd. owned about 0.43% of Centerra Gold worth $5,098,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGAU. FMR LLC increased its stake in shares of Centerra Gold by 114.5% during the 3rd quarter. FMR LLC now owns 37,100 shares of the company's stock valued at $266,000 after acquiring an additional 19,800 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Centerra Gold during the third quarter worth about $206,000. HighTower Advisors LLC purchased a new position in shares of Centerra Gold during the 3rd quarter valued at approximately $127,000. Jane Street Group LLC grew its holdings in Centerra Gold by 145.6% during the 3rd quarter. Jane Street Group LLC now owns 419,992 shares of the company's stock worth $3,015,000 after acquiring an additional 249,004 shares in the last quarter. Finally, Barclays PLC grew its stake in Centerra Gold by 284.5% in the third quarter. Barclays PLC now owns 74,930 shares of the company's stock worth $537,000 after purchasing an additional 55,444 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CGAU. Desjardins downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a report on Monday. CIBC reissued 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 report on Wednesday, February 26th. Finally, Raymond James reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Centerra Gold has an average rating of "Moderate Buy" and an average price target of $12.00.

Centerra Gold Trading Down 1.8 %

Centerra Gold stock traded down $0.13 during mid-day trading on Friday, hitting $6.91. 660,674 shares of the company's stock were exchanged, compared to its average volume of 844,181. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The stock has a 50 day moving average of $6.15 and a two-hundred day moving average of $6.25. The stock has a market cap of $1.45 billion, a P/E ratio of 19.18 and a beta of 0.81.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $316.92 million. As a group, research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.07 per share. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.06%. Centerra Gold's payout ratio is currently 52.78%.

Centerra Gold Profile

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.