Trexquant Investment LP Has $859,000 Stock Position in Centerra Gold Inc. $CGAU

Key Points

• Trexquant Investment LP reduced its stake in Centerra Gold Inc. by 60.6% in the first quarter, now holding only 135,197 shares valued at approximately $859,000.
• Despite the reduction in stake by Trexquant, other institutional investors like Massachusetts Financial Services Co. and Northwest & Ethical Investments L.P. increased their holdings, reflecting a diverse interest in the stock.
• Centerra Gold's stock has a current market cap of $1.76 billion and reported $0.25 earnings per share for the last quarter, surpassing analysts' expectations of $0.17.

Trexquant Investment LP decreased its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 60.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 135,197 shares of the company's stock after selling 208,235 shares during the period. Trexquant Investment LP owned about 0.06% of Centerra Gold worth $859,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CGAU. Pale Fire Capital SE raised its stake in shares of Centerra Gold by 52.6% during the 1st quarter. Pale Fire Capital SE now owns 3,467,298 shares of the company's stock worth $22,017,000 after purchasing an additional 1,194,500 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Centerra Gold by 202.2% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 286,368 shares of the company's stock worth $1,817,000 after purchasing an additional 191,605 shares in the last quarter. Groupe la Francaise raised its stake in shares of Centerra Gold by 1.8% during the 1st quarter. Groupe la Francaise now owns 560,000 shares of the company's stock worth $3,572,000 after purchasing an additional 10,000 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Centerra Gold by 4.7% during the 1st quarter. Hsbc Holdings PLC now owns 55,268 shares of the company's stock worth $351,000 after purchasing an additional 2,499 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Centerra Gold by 11.9% during the 1st quarter. Quantbot Technologies LP now owns 101,475 shares of the company's stock worth $644,000 after purchasing an additional 10,811 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

Analyst Upgrades and Downgrades

CGAU has been the topic of a number of analyst reports. Royal Bank Of Canada cut Centerra Gold from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from $13.00 to $14.00 in a research note on Wednesday. National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Wall Street Zen raised Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, CIBC reissued an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.33.

Centerra Gold Price Performance

NYSE CGAU traded up $0.06 on Friday, reaching $9.23. The stock had a trading volume of 2,294,840 shares, compared to its average volume of 1,544,967. The firm has a fifty day moving average of $7.59 and a two-hundred day moving average of $6.96. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $9.43. The company has a market cap of $1.87 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 0.69 and a beta of 0.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%.The firm had revenue of $288.30 million for the quarter, compared to analyst estimates of $319.42 million. Research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's dividend payout ratio is 60.61%.

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.