Geode Capital Management LLC Has $2.99 Million Stock Holdings in Centerra Gold Inc. (NYSE:CGAU)

Geode Capital Management LLC grew its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 525,967 shares of the company's stock after acquiring an additional 71,028 shares during the period. Geode Capital Management LLC owned about 0.25% of Centerra Gold worth $2,993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in shares of Centerra Gold by 261.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 220,906 shares of the company's stock valued at $1,257,000 after purchasing an additional 159,865 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Centerra Gold by 24.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after buying an additional 1,126,825 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Centerra Gold in the 4th quarter valued at about $244,000. Vanguard Group Inc. grew its stake in shares of Centerra Gold by 0.9% during 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. Finally, American Century Companies Inc. increased its position in shares of Centerra Gold by 34.1% during the fourth quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after acquiring an additional 836,777 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Desjardins cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, CIBC restated a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Centerra Gold Trading Down 0.3 %

CGAU stock traded down $0.02 during mid-day trading on Friday, reaching $6.38. 441,186 shares of the stock traded hands, compared to its average volume of 852,016. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $7.82. The company has a market cap of $1.34 billion, a P/E ratio of 17.72 and a beta of 0.81. The stock's fifty day moving average is $6.21 and its 200-day moving average is $6.22.

Centerra Gold (NYSE:CGAU - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $316.92 million. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is currently 52.78%.

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.