Edmond DE Rothschild Holding S.A. Trims Stock Holdings in Centerra Gold Inc. (NYSE:CGAU)

Edmond DE Rothschild Holding S.A. reduced its stake in Centerra Gold Inc. (NYSE:CGAU) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,011,582 shares of the company’s stock after selling 146,084 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.96% of Centerra Gold worth $11,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of Centerra Gold by 145.6% in the third quarter. Jane Street Group LLC now owns 419,992 shares of the company’s stock worth $3,015,000 after buying an additional 249,004 shares during the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 359,905 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Centerra Gold in the third quarter valued at approximately $4,454,000. HighTower Advisors LLC purchased a new position in Centerra Gold in the third quarter worth approximately $127,000. Finally, Barclays PLC increased its position in shares of Centerra Gold by 284.5% during the 3rd quarter. Barclays PLC now owns 74,930 shares of the company’s stock worth $537,000 after purchasing an additional 55,444 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Trading Up 0.2 %

NYSE CGAU opened at $6.36 on Tuesday. Centerra Gold Inc. has a 1 year low of $5.46 and a 1 year high of $7.82. The company has a market cap of $1.33 billion, a P/E ratio of 17.65 and a beta of 0.92. The company has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $6.33.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. Equities research analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.41%. The ex-dividend date was Thursday, March 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is 52.78%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CGAU. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. National Bank Financial raised Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Desjardins downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Scotiabank reduced 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. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

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.