Centerra Gold Inc. $CGAU Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in Centerra Gold Inc. (NYSE:CGAU) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,530,167 shares of the company’s stock after acquiring an additional 443,441 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Centerra Gold were worth $47,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in shares of Centerra Gold by 25.1% in the second quarter. Legal & General Group Plc now owns 818,429 shares of the company’s stock worth $5,884,000 after purchasing an additional 164,238 shares during the last quarter. Virtus Advisers LLC acquired a new position in Centerra Gold in the 2nd quarter worth approximately $3,484,000. American Century Companies Inc. increased its holdings in Centerra Gold by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 4,054,829 shares of the company’s stock worth $29,211,000 after buying an additional 436,175 shares during the period. Allianz Asset Management GmbH purchased a new position in Centerra Gold during the 2nd quarter worth approximately $1,196,000. Finally, Invesco Ltd. lifted its stake in Centerra Gold by 37.5% during the 1st quarter. Invesco Ltd. now owns 2,180,721 shares of the company’s stock valued at $13,848,000 after acquiring an additional 594,674 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. BMO Capital Markets restated a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research note on Thursday, October 23rd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Centerra Gold in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $13.21 on Friday. The company’s fifty day moving average price is $11.85 and its 200 day moving average price is $9.11. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $13.52. The company has a market capitalization of $2.67 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.89.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $395.20 million during the quarter, compared to analysts’ expectations of $314.74 million. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. On average, research analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, November 13th. Centerra Gold’s payout ratio is currently 12.20%.

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.