Centerra Gold Inc. (NYSE:CGAU) Stake Lessened by SIG North Trading ULC

SIG North Trading ULC decreased its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 63.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,355 shares of the company’s stock after selling 27,045 shares during the period. SIG North Trading ULC’s holdings in Centerra Gold were worth $87,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. 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 in the fourth quarter worth about $60,000. Susquehanna Advisors Group Inc. acquired a new stake in Centerra Gold in the fourth quarter worth about $61,000. OMERS ADMINISTRATION Corp acquired a new stake in Centerra Gold in the fourth quarter worth about $79,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Centerra Gold in the fourth quarter worth about $80,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Shares of CGAU opened at $6.53 on Friday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.14 and a beta of 0.80. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The business’s 50-day moving average is $6.41 and its 200-day moving average is $6.19.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The company had revenue of $299.50 million for the quarter, compared to the consensus estimate of $288.25 million. Equities research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently declared 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 4.29%. Centerra Gold’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Desjardins downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a report on Thursday, March 20th. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Finally, Raymond James reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

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.