CoreCommodity Management LLC Raises Position in Centerra Gold Inc. (NYSE:CGAU)

CoreCommodity Management LLC boosted its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 35.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 414,344 shares of the company's stock after purchasing an additional 107,448 shares during the period. CoreCommodity Management LLC owned about 0.20% of Centerra Gold worth $2,353,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Centerra Gold during the fourth quarter worth about $59,000. Massachusetts Financial Services Co. MA acquired a new stake in Centerra Gold during the 4th quarter valued at approximately $60,000. Susquehanna Advisors Group Inc. bought a new position in Centerra Gold during the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Centerra Gold in the 4th quarter worth approximately $80,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Centerra Gold in the 4th quarter valued at $82,000. 55.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Desjardins lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Centerra Gold Price Performance

Shares of CGAU traded up $0.18 during trading hours on Friday, hitting $7.28. The stock had a trading volume of 1,239,118 shares, compared to its average volume of 868,620. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The firm has a market capitalization of $1.53 billion, a P/E ratio of 20.22 and a beta of 0.80. The firm has a 50 day simple moving average of $6.34 and a 200-day simple moving average of $6.21.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $299.50 million during the quarter, compared to analysts' expectations of $288.25 million. Equities analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 3.85%. 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.