SIG North Trading ULC Lowers Stock Position in Centerra Gold Inc. (NYSE:CGAU)

SIG North Trading ULC trimmed its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 63.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGAU. Millennium Management LLC boosted its stake in shares of Centerra Gold by 0.3% in the fourth quarter. Millennium Management LLC now owns 585,238 shares of the company’s stock valued at $3,330,000 after purchasing an additional 1,663 shares during the period. Hsbc Holdings PLC increased its stake in Centerra Gold by 6.5% during the 4th quarter. Hsbc Holdings PLC now owns 52,769 shares of the company’s stock worth $299,000 after buying an additional 3,201 shares during the period. The Manufacturers Life Insurance Company increased its stake in Centerra Gold by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 181,755 shares of the company’s stock worth $1,036,000 after buying an additional 3,608 shares during the period. Capstone Investment Advisors LLC increased its stake in Centerra Gold by 34.2% during the 4th quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company’s stock worth $95,000 after buying an additional 4,263 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in Centerra Gold by 11.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company’s stock worth $284,000 after buying an additional 5,000 shares during the period. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Price Performance

Centerra Gold stock opened at $6.53 on Friday. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The stock has a market capitalization of $1.37 billion, a P/E ratio of 18.14 and a beta of 0.80. The firm’s 50-day moving average is $6.41 and its two-hundred day moving average is $6.19.

Centerra Gold (NYSE:CGAU) last released its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $299.50 million for the quarter, compared to analysts’ expectations of $288.25 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. As a group, analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The company also recently announced 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 is Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.29%. Centerra Gold’s payout ratio is currently 100.00%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. National Bank Financial raised shares of Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, April 23rd. Raymond James restated an “outperform” rating on shares of Centerra Gold in a research note on Friday, April 4th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research note on Monday, April 14th. Finally, Desjardins downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Four equities 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. According to MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

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.