Verition Fund Management LLC Makes New $206,000 Investment in Centerra Gold Inc. (NYSE:CGAU)

Verition Fund Management LLC acquired a new stake in Centerra Gold Inc. (NYSE:CGAU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 28,754 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC bought a new position in Centerra Gold in the third quarter valued at approximately $57,000. Capstone Investment Advisors LLC bought a new stake in Centerra Gold during the third quarter worth $89,000. Vanguard Personalized Indexing Management LLC lifted its stake in Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after acquiring an additional 1,573 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Centerra Gold in the 2nd quarter valued at about $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Centerra Gold during the 2nd quarter worth about $154,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Desjardins upgraded 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 given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Stock Performance

Shares of NYSE:CGAU opened at $5.83 on Monday. The company has a market capitalization of $1.23 billion, a PE ratio of 12.15 and a beta of 0.89. Centerra Gold Inc. has a 52-week low of $4.47 and a 52-week high of $7.82. The company has a fifty day moving average of $6.51 and a 200-day moving average of $6.76.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The firm had revenue of $323.93 million for the quarter. During the same period in the previous year, the business posted $0.20 EPS. On average, equities analysts forecast that Centerra Gold Inc. will post 0.79 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.21 annualized dividend and a yield of 3.57%. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is currently 41.67%.

Centerra Gold 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.