Two Sigma Investments LP lessened its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 49.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 756,603 shares of the company's stock after selling 753,852 shares during the period. Two Sigma Investments LP owned approximately 0.36% of Centerra Gold worth $4,305,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. BNP Paribas Financial Markets bought a new position in Centerra Gold in the 4th quarter valued at about $396,000. Raymond James Financial Inc. bought a new position in Centerra Gold in the 4th quarter valued at about $268,000. American Century Companies Inc. grew its position in Centerra Gold by 34.1% in the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock valued at $18,733,000 after buying an additional 836,777 shares in the last quarter. Nuveen Asset Management LLC grew its position in Centerra Gold by 3.1% in the 4th quarter. Nuveen Asset Management LLC now owns 1,890,136 shares of the company's stock valued at $10,750,000 after buying an additional 57,609 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in Centerra Gold by 11.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company's stock valued at $284,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.
Centerra Gold Stock Performance
Shares of NYSE:CGAU traded up $0.39 during trading hours on Monday, hitting $7.52. 897,411 shares of the company's stock traded hands, compared to its average volume of 884,649. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $7.82. The company's fifty day simple moving average is $6.63 and its two-hundred day simple moving average is $6.23. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 20.88 and a beta of 0.80.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The company had revenue of $299.50 million during the quarter, compared to analyst estimates of $288.25 million. On average, analysts anticipate 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. Stockholders of record on Thursday, May 22nd will be given 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 dividend yield of 3.73%. Centerra Gold's dividend payout ratio (DPR) is 100.00%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Finally, CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Centerra Gold currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.
Check Out Our Latest Analysis on CGAU
Centerra Gold Company Profile
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Free Report)
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.
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