Heartland Advisors Inc. Acquires 3,200 Shares of Centerra Gold Inc. (NYSE:CGAU)

Heartland Advisors Inc. raised its holdings in shares of Centerra Gold Inc. (NYSE:CGAUFree Report) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,194,500 shares of the company’s stock after acquiring an additional 3,200 shares during the quarter. Heartland Advisors Inc. owned approximately 1.02% of Centerra Gold worth $13,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGAU. Versor Investments LP purchased a new position in shares of Centerra Gold during the third quarter valued at about $52,000. Heron Bay Capital Management purchased a new position in Centerra Gold in the fourth quarter worth about $77,000. Hsbc Holdings PLC grew its position in Centerra Gold by 134.2% in the third quarter. Hsbc Holdings PLC now owns 35,587 shares of the company’s stock worth $174,000 after acquiring an additional 20,389 shares in the last quarter. Insigneo Advisory Services LLC purchased a new position in Centerra Gold in the third quarter worth about $223,000. Finally, Aigen Investment Management LP purchased a new position in Centerra Gold in the third quarter worth about $225,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Price Performance

NYSE CGAU traded up $0.02 on Tuesday, hitting $6.52. The stock had a trading volume of 705,277 shares, compared to its average volume of 409,621. The business’s fifty day moving average price is $6.02 and its 200 day moving average price is $5.71. Centerra Gold Inc. has a 52-week low of $4.47 and a 52-week high of $6.85. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -17.62 and a beta of 0.94.

Centerra Gold (NYSE:CGAUGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $340.00 million for the quarter. Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. As a group, sell-side analysts anticipate that Centerra Gold Inc. will post 0.55 EPS for the current year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.0518 dividend. This represents a $0.21 annualized dividend and a yield of 3.18%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s dividend payout ratio is presently -56.76%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CGAU shares. BMO Capital Markets started coverage on shares of Centerra Gold in a research note on Wednesday, February 21st. They issued an “outperform” rating for the company. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. Finally, CIBC raised their price objective on shares of Centerra Gold from $9.50 to $11.00 and gave the stock an “outperformer” rating in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.78.

Check Out Our Latest Report on Centerra Gold

Centerra Gold Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Centerra Gold (NYSE:CGAU)

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