12,449 Shares in Centerra Gold Inc. (NYSE:CGAU) Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) during the third quarter, Holdings Channel reports. The institutional investor acquired 12,449 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds have also recently made changes to their positions in CGAU. Acadian Asset Management LLC grew its stake in Centerra Gold by 594.6% during the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company’s stock valued at $59,532,000 after purchasing an additional 7,586,370 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Centerra Gold by 36.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company’s stock worth $31,514,000 after purchasing an additional 1,175,000 shares during the period. Bank of Montreal Can boosted its position in Centerra Gold by 59.0% in the third quarter. Bank of Montreal Can now owns 3,869,035 shares of the company’s stock valued at $28,690,000 after buying an additional 1,435,794 shares during the last quarter. American Century Companies Inc. boosted its position in Centerra Gold by 132.8% in the second quarter. American Century Companies Inc. now owns 1,835,673 shares of the company’s stock valued at $12,345,000 after buying an additional 1,047,142 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Centerra Gold by 111.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,493,717 shares of the company’s stock worth $10,046,000 after buying an additional 786,688 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Centerra Gold Price Performance

NYSE:CGAU opened at $6.03 on Monday. The company has a 50 day moving average price of $6.78 and a 200-day moving average price of $6.83. Centerra Gold Inc. has a 1-year low of $4.47 and a 1-year high of $7.82. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 12.56 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The firm had revenue of $323.93 million during the quarter. During the same period last year, the firm earned $0.20 earnings per share. On average, sell-side analysts anticipate that Centerra Gold Inc. will post 0.79 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 dividend on an annualized basis and a yield of 3.45%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio is currently 41.67%.

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.