Centerra Gold Inc. $CGAU Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 495,171 shares of the company’s stock after selling 54,192 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.25% of Centerra Gold worth $7,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in Centerra Gold by 57.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after buying an additional 4,853,494 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Centerra Gold by 18.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 7,725,444 shares of the company’s stock worth $82,796,000 after buying an additional 1,195,277 shares during the period. Waratah Capital Advisors Ltd. grew its position in Centerra Gold by 4.1% during the third quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock worth $74,621,000 after buying an additional 275,510 shares during the period. American Century Companies Inc. grew its position in Centerra Gold by 32.7% during the third quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock worth $57,631,000 after buying an additional 1,324,448 shares during the period. Finally, Man Group plc grew its position in Centerra Gold by 9.7% during the second quarter. Man Group plc now owns 3,649,899 shares of the company’s stock worth $26,241,000 after buying an additional 323,860 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Stock Down 4.3%

Shares of NYSE CGAU opened at $14.74 on Thursday. Centerra Gold Inc. has a 12-month low of $6.71 and a 12-month high of $21.17. The company has a market capitalization of $2.93 billion, a PE ratio of 4.75, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.60. The firm’s 50-day moving average is $17.84 and its two-hundred day moving average is $16.95.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The company had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Equities analysts anticipate that Centerra Gold Inc. will post 1.79 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. Centerra Gold’s dividend payout ratio is presently 6.77%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CGAU. Scotiabank upped their target price on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen downgraded shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.67.

Centerra Gold Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.