Centerra Gold Inc. (NYSE:CGAU) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC raised its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 121.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 371,645 shares of the company's stock after purchasing an additional 204,057 shares during the period. Guggenheim Capital LLC owned about 0.18% of Centerra Gold worth $2,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CGAU. Donald Smith & CO. Inc. grew its holdings in Centerra Gold by 30.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock valued at $49,634,000 after buying an additional 2,017,756 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Centerra Gold by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock valued at $46,977,000 after acquiring an additional 76,544 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Centerra Gold by 24.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock valued at $33,028,000 after acquiring an additional 1,126,825 shares during the last quarter. American Century Companies Inc. increased its position in Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after purchasing an additional 836,777 shares in the last quarter. Finally, Amundi raised its stake in Centerra Gold by 168.6% in the 4th quarter. Amundi now owns 2,628,623 shares of the company's stock valued at $15,377,000 after purchasing an additional 1,650,160 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Trading Down 1.1 %

NYSE:CGAU traded down $0.08 during trading hours on Friday, hitting $6.67. The stock had a trading volume of 303,285 shares, compared to its average volume of 847,075. The business has a 50 day simple moving average of $6.18 and a two-hundred day simple moving average of $6.24. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The company has a market cap of $1.40 billion, a PE ratio of 18.49 and a beta of 0.81.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly 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 firm had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million. Research analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio (DPR) is 52.78%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CGAU shares. Desjardins downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Wednesday. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. CIBC restated a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Finally, Raymond James reiterated an "outperform" rating on shares of Centerra Gold in a research note on Friday, April 4th. Four 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Centerra Gold Company 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.