Quantbot Technologies LP Grows Stock Position in Centerra Gold Inc. (NYSE:CGAU)

Quantbot Technologies LP grew its stake in Centerra Gold Inc. (NYSE:CGAU) by 56.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,664 shares of the company’s stock after buying an additional 32,868 shares during the quarter. Quantbot Technologies LP’s holdings in Centerra Gold were worth $516,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Amundi lifted its holdings in Centerra Gold by 168.6% in the fourth quarter. Amundi now owns 2,628,623 shares of the company’s stock valued at $15,377,000 after acquiring an additional 1,650,160 shares during the period. Bank of Montreal Can increased its holdings in shares of Centerra Gold by 59.0% during the 3rd quarter. Bank of Montreal Can now owns 3,869,035 shares of the company’s stock valued at $28,690,000 after purchasing an additional 1,435,794 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of Centerra Gold in the 4th quarter valued at $3,667,000. Public Employees Retirement System of Ohio purchased a new stake in Centerra Gold during the third quarter worth $4,454,000. Finally, Geode Capital Management LLC boosted its holdings in Centerra Gold by 378.7% during the third quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock worth $4,152,000 after buying an additional 359,905 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 2.1 %

CGAU stock opened at $6.42 on Friday. Centerra Gold Inc. has a 12-month low of $5.46 and a 12-month high of $7.82. The business’s 50-day moving average is $6.16 and its 200 day moving average is $6.34. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 17.82 and a beta of 0.92.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (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 analyst estimates of $316.92 million. As a group, equities analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.07 per share. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.36%. Centerra Gold’s dividend payout ratio is presently 52.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Scotiabank reduced their price target on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 15th. National Bank Financial raised Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Cormark downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, CIBC reissued a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.00.

About Centerra Gold

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.