Versor Investments LP Has $539,000 Holdings in Centerra Gold Inc. (NYSE:CGAU)

Versor Investments LP lessened its position in Centerra Gold Inc. (NYSE:CGAU) by 35.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,700 shares of the company’s stock after selling 52,000 shares during the quarter. Versor Investments LP’s holdings in Centerra Gold were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. increased its stake in shares of Centerra Gold by 11.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company’s stock worth $284,000 after purchasing an additional 5,000 shares during the period. Allspring Global Investments Holdings LLC increased its position in Centerra Gold by 131.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 588,681 shares of the company’s stock worth $3,346,000 after buying an additional 334,719 shares during the period. Entropy Technologies LP acquired a new position in shares of Centerra Gold during the fourth quarter worth approximately $177,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Centerra Gold during the fourth quarter worth approximately $80,000. Finally, SG Americas Securities LLC bought a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CGAU. Scotiabank dropped their target price on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 15th. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Finally, Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Centerra Gold has a consensus rating of “Hold” and an average price target of $11.00.

Centerra Gold Price Performance

Shares of CGAU stock opened at $5.75 on Friday. Centerra Gold Inc. has a one year low of $4.98 and a one year high of $7.82. The stock has a fifty day moving average price of $6.08 and a 200 day moving average price of $6.48. The stock has a market cap of $1.21 billion, a P/E ratio of 15.97 and a beta of 0.91.

Centerra Gold (NYSE:CGAU) last announced 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 net margin of 6.62% and a return on equity of 8.83%. The business had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. 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 will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.07 per share. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.87%. Centerra Gold’s dividend payout ratio (DPR) is currently 52.78%.

Centerra Gold Company 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.