Trexquant Investment LP increased its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,432 shares of the company's stock after acquiring an additional 109,320 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of Centerra Gold worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of CGAU. Geode Capital Management LLC increased its stake in shares of Centerra Gold by 378.7% in the third quarter. Geode Capital Management LLC now owns 454,939 shares of the company's stock worth $4,152,000 after buying an additional 359,905 shares during the period. Jane Street Group LLC grew its holdings in Centerra Gold by 145.6% in 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 during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Centerra Gold in the third quarter valued at about $4,454,000. HighTower Advisors LLC bought a new position in shares of Centerra Gold during the third quarter valued at about $127,000. Finally, Barclays PLC boosted its holdings in shares of Centerra Gold by 284.5% during 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 during the period. 55.40% of the stock is owned by hedge funds and other institutional investors.
Centerra Gold Stock Up 2.4 %
Shares of NYSE:CGAU traded up $0.16 during midday trading on Monday, reaching $6.77. The company's stock had a trading volume of 161,042 shares, compared to its average volume of 834,535. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The firm has a market capitalization of $1.42 billion, a P/E ratio of 18.81 and a beta of 0.81. The firm has a 50 day moving average of $6.14 and a 200-day moving average of $6.25.
Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. On average, research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current year.
Centerra Gold Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.14%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. Centerra Gold's payout ratio is 52.78%.
Wall Street Analyst Weigh In
A number of research firms have commented on CGAU. Desjardins lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 2nd. Finally, Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.00.
Read Our Latest Research Report on CGAU
Centerra Gold Company Profile
(
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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