Northwest & Ethical Investments L.P. Sells 135,779 Shares of Centerra Gold Inc. (NYSE:CGAU)

Northwest & Ethical Investments L.P. trimmed its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 90.0% during the 4th quarter, Holdings Channel reports. The firm owned 15,090 shares of the company’s stock after selling 135,779 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Centerra Gold were worth $86,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Centerra Gold during the fourth quarter valued at about $59,000. Wilmington Savings Fund Society FSB purchased a new position in Centerra Gold in the 4th quarter worth approximately $80,000. Capstone Investment Advisors LLC bought a new position in Centerra Gold in the 3rd quarter worth approximately $89,000. HighTower Advisors LLC purchased a new stake in Centerra Gold during the 3rd quarter valued at approximately $127,000. Finally, Entropy Technologies LP bought a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $177,000. Institutional investors own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CGAU. Scotiabank dropped their target price on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 15th. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Centerra Gold Stock Down 2.5 %

CGAU stock opened at $6.09 on Friday. Centerra Gold Inc. has a 52 week low of $5.46 and a 52 week high of $7.82. The firm has a market capitalization of $1.28 billion, a P/E ratio of 16.90 and a beta of 0.92. The company has a fifty day simple moving average of $6.13 and a two-hundred day simple moving average of $6.35.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.17 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 the consensus estimate of $316.92 million. As a group, analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.60%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is currently 52.78%.

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.