Bank of Montreal Can Has $20.81 Million Stock Holdings in Centerra Gold Inc. (NYSE:CGAU)

Bank of Montreal Can lowered its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,661,091 shares of the company’s stock after selling 207,944 shares during the period. Bank of Montreal Can owned approximately 1.74% of Centerra Gold worth $20,807,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Centerra Gold during the 4th quarter worth approximately $59,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Centerra Gold during the fourth quarter worth approximately $80,000. HighTower Advisors LLC bought a new position in shares of Centerra Gold in the 3rd quarter worth $127,000. Finally, Verition Fund Management LLC acquired a new stake in Centerra Gold in the 3rd quarter valued at $206,000. 55.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CGAU has been the topic of a number of analyst reports. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. CIBC reissued a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, April 2nd. Raymond James reissued an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. Finally, Scotiabank cut their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Stock Up 5.6 %

NYSE CGAU opened at $6.60 on Friday. The company has a market cap of $1.38 billion, a PE ratio of 18.33 and a beta of 0.81. The firm’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $6.26. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $7.82.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data 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 company had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $316.92 million. As a group, equities research analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.07 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.24%. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is presently 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.