Heartland Advisors Inc. Decreases Holdings in Centerra Gold Inc. (NYSE:CGAU)

Heartland Advisors Inc. reduced its position in Centerra Gold Inc. (NYSE:CGAU) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,255,800 shares of the company’s stock after selling 11,400 shares during the period. Heartland Advisors Inc.’s holdings in Centerra Gold were worth $12,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Jane Street Group LLC boosted its position in 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 purchasing an additional 249,004 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Centerra Gold by 378.7% in the 3rd quarter. Geode Capital Management LLC now owns 454,939 shares of the company’s stock worth $4,152,000 after purchasing an additional 359,905 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Centerra Gold in the third quarter worth approximately $4,454,000. HighTower Advisors LLC purchased a new position in shares of Centerra Gold in the third quarter worth approximately $127,000. Finally, Barclays PLC grew its position in Centerra Gold by 284.5% during the third quarter. Barclays PLC now owns 74,930 shares of the company’s stock valued at $537,000 after buying an additional 55,444 shares during the period. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Up 2.1 %

NYSE CGAU opened at $6.42 on Friday. Centerra Gold Inc. has a twelve month low of $5.46 and a twelve month high of $7.82. The business has a 50-day moving average price of $6.16 and a 200-day moving average price of $6.34. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 17.82 and a beta of 0.92.

Centerra Gold (NYSE:CGAU) last posted 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). The business had revenue of $302.40 million during the quarter, compared to analysts’ expectations of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. Research analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, March 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 4.36%. Centerra Gold’s dividend payout ratio is presently 52.78%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CGAU shares. CIBC reissued 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. Scotiabank decreased their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 15th. Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four investment 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 MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus target price 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.