Northwest & Ethical Investments L.P. Sells 135,779 Shares of Centerra Gold Inc. (NYSE:CGAU)

Northwest & Ethical Investments L.P. decreased its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 90.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,090 shares of the company’s stock after selling 135,779 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Centerra Gold were worth $86,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CGAU. SG Americas Securities LLC bought a new stake in shares of Centerra Gold during the fourth quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Centerra Gold during the 4th quarter valued at $80,000. Capstone Investment Advisors LLC bought a new stake in shares of Centerra Gold in the 3rd quarter worth $89,000. HighTower Advisors LLC purchased a new position in shares of Centerra Gold in the third quarter worth $127,000. Finally, Entropy Technologies LP purchased a new position in shares of Centerra Gold in the fourth quarter worth $177,000. 55.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CGAU shares. Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Scotiabank decreased 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 report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.00.

Centerra Gold Stock Performance

CGAU stock opened at $6.09 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 16.90 and a beta of 0.92. The business’s 50-day moving average is $6.13 and its two-hundred day moving average is $6.35. Centerra Gold Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $7.82.

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

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.60%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, March 13th. Centerra Gold’s dividend payout ratio is 52.78%.

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.