Centerra Gold Inc. (NYSE:CGAU) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC raised its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 121.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,645 shares of the company’s stock after buying an additional 204,057 shares during the quarter. Guggenheim Capital LLC’s holdings in Centerra Gold were worth $2,115,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in shares of Centerra Gold during the 3rd quarter valued at approximately $127,000. Barclays PLC increased 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 purchasing an additional 55,444 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Centerra Gold by 378.7% during the third 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. JPMorgan Chase & Co. lifted its position in shares of Centerra Gold by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,199 shares of the company’s stock worth $2,758,000 after buying an additional 33,420 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Centerra Gold by 285.2% in the 4th quarter. Ritholtz Wealth Management now owns 97,025 shares of the company’s stock valued at $552,000 after buying an additional 71,835 shares during the period. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Shares of CGAU stock opened at $6.91 on Monday. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.18 and a beta of 0.81. The business has a 50 day simple moving average of $6.15 and a 200 day simple moving average of $6.24.

Centerra Gold (NYSE:CGAU) last released its quarterly 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 during the quarter, compared to the consensus estimate of $316.92 million. On average, equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.06%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold’s payout ratio is 52.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CGAU shares. Raymond James reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a report on Monday, April 14th. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. National Bank Financial raised Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, National Bankshares reissued an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

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.