Centerra Gold Inc. (NYSE:CGAU) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 525,967 shares of the company’s stock after acquiring an additional 71,028 shares during the quarter. Geode Capital Management LLC owned approximately 0.25% of Centerra Gold worth $2,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Centerra Gold during the fourth quarter worth about $59,000. Wilmington Savings Fund Society FSB acquired a new stake in Centerra Gold during the fourth quarter worth about $80,000. Entropy Technologies LP acquired a new stake in Centerra Gold during the fourth quarter worth about $177,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Centerra Gold in the 4th quarter worth about $244,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Centerra Gold in the 4th quarter worth about $258,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CGAU has been the subject of several recent analyst reports. Raymond James restated an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Monday, April 14th. Finally, CIBC restated a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Centerra Gold Stock Performance

CGAU opened at $6.69 on Tuesday. Centerra Gold Inc. has a one year low of $5.41 and a one year high of $7.82. The stock’s fifty day moving average is $6.19 and its 200-day moving average is $6.23. The company has a market capitalization of $1.40 billion, a PE ratio of 18.58 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.17 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 firm had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million. On average, equities research analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.07 per share. 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.19%. 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.