Quadrature Capital Ltd Sells 276,000 Shares of Centerra Gold Inc. (NYSE:CGAU)

Quadrature Capital Ltd reduced its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 39.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,600 shares of the company’s stock after selling 276,000 shares during the period. Quadrature Capital Ltd owned about 0.20% of Centerra Gold worth $3,066,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC acquired a new position in Centerra Gold during the third quarter worth $127,000. Centiva Capital LP lifted its position in Centerra Gold by 28.7% during the 3rd quarter. Centiva Capital LP now owns 68,889 shares of the company’s stock worth $493,000 after buying an additional 15,379 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Centerra Gold during the 3rd quarter worth about $206,000. Capstone Investment Advisors LLC bought a new position in shares of Centerra Gold in the 3rd quarter valued at about $89,000. Finally, Northwest & Ethical Investments L.P. increased its position in shares of Centerra Gold by 15.1% in the third quarter. Northwest & Ethical Investments L.P. now owns 150,869 shares of the company’s stock valued at $1,083,000 after acquiring an additional 19,791 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Down 1.2 %

Shares of NYSE:CGAU opened at $6.00 on Friday. Centerra Gold Inc. has a 12-month low of $4.47 and a 12-month high of $7.82. The business has a 50 day moving average of $6.71 and a 200-day moving average of $6.82. The stock has a market cap of $1.27 billion, a PE ratio of 12.50 and a beta of 0.89.

Centerra Gold (NYSE:CGAU) last posted its earnings results 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). The firm had revenue of $323.93 million for the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same period in the prior year, the company earned $0.20 earnings per share. Equities research analysts expect that Centerra Gold Inc. will post 0.79 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.052 dividend. The ex-dividend date was Wednesday, November 13th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a yield of 3.47%. Centerra Gold’s payout ratio is currently 41.67%.

Analyst Upgrades and Downgrades

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and an average 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.