Geode Capital Management LLC Grows Stock Holdings in Centerra Gold Inc. (NYSE:CGAU)

Geode Capital Management LLC grew its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 378.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 454,939 shares of the company’s stock after acquiring an additional 359,905 shares during the period. Geode Capital Management LLC owned 0.22% of Centerra Gold worth $4,152,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake 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 acquiring an additional 55,444 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Centerra Gold during the third quarter valued at $4,454,000. Y Intercept Hong Kong Ltd raised its stake in Centerra Gold by 34.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 119,123 shares of the company’s stock valued at $853,000 after purchasing an additional 30,264 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Centerra Gold by 17.9% during the 3rd quarter. National Bank of Canada FI now owns 608,701 shares of the company’s stock worth $4,368,000 after acquiring an additional 92,255 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Centerra Gold by 145.6% during the 3rd quarter. Jane Street Group LLC now owns 419,992 shares of the company’s stock valued at $3,015,000 after buying an additional 249,004 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Centerra Gold Stock Performance

Shares of NYSE:CGAU opened at $5.79 on Monday. The stock has a 50 day moving average price of $6.06 and a 200-day moving average price of $6.64. The firm has a market capitalization of $1.22 billion, a P/E ratio of 12.06 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.

Centerra Gold (NYSE:CGAU) last announced 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). Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. The business had revenue of $323.93 million for the quarter. During the same period last year, the company earned $0.20 earnings per share. On average, equities analysts forecast that Centerra Gold Inc. will post 0.79 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.052 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a yield of 3.59%. Centerra Gold’s payout ratio is 41.67%.

Wall Street Analyst Weigh In

Separately, Desjardins raised Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.