ExodusPoint Capital Management LP Decreases Stake in Centerra Gold Inc. (NYSE:CGAU)

ExodusPoint Capital Management LP cut its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,552 shares of the company’s stock after selling 2,077 shares during the period. ExodusPoint Capital Management LP’s holdings in Centerra Gold were worth $271,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CGAU. Atria Wealth Solutions Inc. lifted its holdings in shares of Centerra Gold by 11.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company’s stock valued at $284,000 after buying an additional 5,000 shares during the period. Toronto Dominion Bank increased its position in Centerra Gold by 22.8% during the third quarter. Toronto Dominion Bank now owns 33,921 shares of the company’s stock valued at $243,000 after acquiring an additional 6,307 shares during the last quarter. SG Americas Securities LLC bought a new position in Centerra Gold in the fourth quarter valued at about $59,000. Massachusetts Financial Services Co. MA purchased a new position in Centerra Gold in the fourth quarter worth about $60,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Centerra Gold during the 4th quarter valued at about $80,000. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CGAU has been the topic of a number of research reports. National Bank Financial raised shares of Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank cut their price objective 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. Raymond James reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Friday, April 4th. Desjardins lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at $6.60 on Monday. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The company has a market capitalization of $1.38 billion, a P/E ratio of 18.33 and a beta of 0.81. The company has a fifty day moving average of $6.14 and a 200 day moving average of $6.25.

Centerra Gold (NYSE:CGAU) last released its earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The business had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $316.92 million. Analysts forecast 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 was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Thursday, March 13th. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is 52.78%.

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.