Quadrature Capital Ltd Purchases 160,400 Shares of Centerra Gold Inc. (NYSE:CGAU)

Quadrature Capital Ltd boosted its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 118.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,800 shares of the company’s stock after purchasing an additional 160,400 shares during the period. Quadrature Capital Ltd’s holdings in Centerra Gold were worth $1,742,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CGAU. Donald Smith & CO. Inc. grew its holdings in shares of Centerra Gold by 27.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 9,879,956 shares of the company’s stock valued at $58,885,000 after acquiring an additional 2,156,920 shares in the last quarter. Pale Fire Capital SE lifted its stake in Centerra Gold by 1,136.9% in the 4th quarter. Pale Fire Capital SE now owns 1,807,787 shares of the company’s stock valued at $10,774,000 after purchasing an additional 1,661,638 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Centerra Gold in the 4th quarter valued at about $9,540,000. Van ECK Associates Corp lifted its stake in Centerra Gold by 7.6% in the 1st quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company’s stock valued at $130,191,000 after purchasing an additional 1,552,601 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Centerra Gold by 309.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,275,800 shares of the company’s stock valued at $7,527,000 after purchasing an additional 964,294 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 1.2 %

CGAU stock traded up $0.08 during mid-day trading on Friday, hitting $6.56. 869,438 shares of the company were exchanged, compared to its average volume of 574,236. The business has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $6.12. The stock has a market capitalization of $1.40 billion, a PE ratio of 24.30 and a beta of 0.98. Centerra Gold Inc. has a 1-year low of $4.47 and a 1-year high of $7.51.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Centerra Gold had a return on equity of 5.58% and a net margin of 4.99%. The company had revenue of $305.88 million for the quarter. During the same period in the previous year, the business earned ($0.24) EPS. Equities research analysts expect that Centerra Gold Inc. will post 0.75 earnings per share for the current year.

Centerra Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were given a $0.051 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.11%. Centerra Gold’s payout ratio is 74.07%.

Analyst Upgrades and Downgrades

CGAU has been the subject of several recent analyst reports. Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Scotiabank raised their target price on shares of Centerra Gold from $8.00 to $9.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. CIBC restated a “neutral” rating and set a $13.00 price objective (up from $11.00) on shares of Centerra Gold in a research report on Wednesday, July 10th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.80.

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.