Renaissance Technologies LLC Raises Stock Position in Centerra Gold Inc. (NYSE:CGAU)

Renaissance Technologies LLC boosted its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 841,400 shares of the company’s stock after acquiring an additional 237,800 shares during the period. Renaissance Technologies LLC owned 0.40% of Centerra Gold worth $4,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Centerra Gold in the 4th quarter worth $59,000. Massachusetts Financial Services Co. MA purchased a new stake in Centerra Gold in the fourth quarter valued at about $60,000. Wilmington Savings Fund Society FSB acquired a new stake in Centerra Gold in the fourth quarter worth about $80,000. HighTower Advisors LLC purchased a new stake in shares of Centerra Gold during the third quarter worth about $127,000. Finally, Entropy Technologies LP acquired a new position in shares of Centerra Gold during the fourth quarter valued at about $177,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Stock Up 2.2 %

Shares of CGAU stock opened at $7.05 on Tuesday. The business has a 50-day simple moving average of $6.16 and a 200-day simple moving average of $6.24. The stock has a market cap of $1.48 billion, a PE ratio of 19.58 and a beta of 0.81. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $7.82.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $302.40 million for the quarter, compared to analyst estimates of $316.92 million. Sell-side analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.07 dividend. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.97%. Centerra Gold’s dividend payout ratio is presently 52.78%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CGAU shares. Raymond James reissued an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 2nd. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research note on Monday, April 14th. CIBC reiterated a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, National Bank Financial raised Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.00.

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.