Bank of Montreal Can Sells 207,944 Shares of Centerra Gold Inc. (NYSE:CGAU)

Bank of Montreal Can lowered its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,661,091 shares of the company's stock after selling 207,944 shares during the quarter. Bank of Montreal Can owned approximately 1.74% of Centerra Gold worth $20,807,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CGAU. SG Americas Securities LLC bought a new stake in shares of Centerra Gold during the fourth quarter valued at about $59,000. Massachusetts Financial Services Co. MA bought a new position in shares of Centerra Gold in the fourth quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB bought a new stake in Centerra Gold during the fourth quarter worth approximately $80,000. HighTower Advisors LLC bought a new position in Centerra Gold during the 3rd quarter valued at $127,000. Finally, Entropy Technologies LP bought a new position in Centerra Gold during the 4th quarter valued at $177,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.00.

Centerra Gold Stock Down 1.8 %

NYSE CGAU traded down $0.13 during trading on Thursday, hitting $6.91. The company's stock had a trading volume of 266,643 shares, compared to its average volume of 839,198. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $7.82. The firm has a 50 day moving average price of $6.15 and a 200 day moving average price of $6.26. The firm 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 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). The firm had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. On average, equities analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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. This represents a $0.28 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Thursday, March 13th. Centerra Gold's payout ratio is 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.