Centerra Gold Inc. (NYSE:CGAU) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in Centerra Gold Inc. (NYSE:CGAU) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,070,263 shares of the company’s stock after buying an additional 87,248 shares during the quarter. Wellington Management Group LLP’s holdings in Centerra Gold were worth $18,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in Centerra Gold by 818.1% in the third quarter. Deutsche Bank AG now owns 169,704 shares of the company’s stock valued at $832,000 after purchasing an additional 151,220 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Centerra Gold by 134.2% in the 3rd quarter. Hsbc Holdings PLC now owns 35,587 shares of the company’s stock valued at $174,000 after purchasing an additional 20,389 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Centerra Gold by 169.2% during the 3rd quarter. Quadrature Capital Ltd now owns 140,800 shares of the company’s stock valued at $691,000 after buying an additional 88,500 shares during the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of Centerra Gold during the third quarter worth approximately $223,000. Finally, American Century Companies Inc. increased its stake in shares of Centerra Gold by 99.6% in the third quarter. American Century Companies Inc. now owns 1,135,677 shares of the company’s stock worth $5,552,000 after buying an additional 566,652 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Stock Performance

Centerra Gold stock opened at $6.80 on Wednesday. Centerra Gold Inc. has a 1 year low of $4.47 and a 1 year high of $7.51. The firm’s 50-day moving average is $6.68 and its 200-day moving average is $5.98. The company has a market cap of $1.46 billion, a P/E ratio of 25.19 and a beta of 0.99.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Tuesday, May 14th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $305.88 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 5.58%. During the same period in the prior year, the firm posted ($0.24) EPS. As a group, sell-side analysts predict that Centerra Gold Inc. will post 0.76 earnings per share for the current year.

Centerra Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were paid a dividend of $0.051 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.20 dividend on an annualized basis and a yield of 3.00%. Centerra Gold’s payout ratio is currently 74.07%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CGAU shares. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. CIBC lifted their price target on Centerra Gold from $9.50 to $11.00 and gave the stock an “outperformer” rating in a research note on Monday, April 15th. Finally, Scotiabank upped their price objective on Centerra Gold from $8.00 to $9.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.30.

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.