Trexquant Investment LP Has $1.95 Million Stake in Centerra Gold Inc. (NYSE:CGAU)

Trexquant Investment LP boosted its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,432 shares of the company’s stock after buying an additional 109,320 shares during the period. Trexquant Investment LP owned about 0.16% of Centerra Gold worth $1,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGAU. Vanguard Group Inc. boosted its position in shares of Centerra Gold by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company’s stock valued at $46,977,000 after acquiring an additional 76,544 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Centerra Gold by 24.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company’s stock valued at $33,028,000 after purchasing an additional 1,126,825 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Centerra Gold by 34.1% in the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company’s stock valued at $18,733,000 after purchasing an additional 836,777 shares during the period. Amundi raised its holdings in shares of Centerra Gold by 168.6% in the 4th quarter. Amundi now owns 2,628,623 shares of the company’s stock worth $15,377,000 after buying an additional 1,650,160 shares in the last quarter. Finally, U S Global Investors Inc. bought a new position in shares of Centerra Gold during the 4th quarter worth approximately $3,667,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Down 1.9 %

Shares of NYSE:CGAU opened at $5.51 on Wednesday. The firm has a market cap of $1.16 billion, a P/E ratio of 15.29 and a beta of 0.81. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $7.82. The company’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.29.

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

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.07 dividend. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is 52.78%.

Analyst Ratings Changes

A number of analysts have weighed in on CGAU shares. National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, April 2nd. Raymond James reiterated an “outperform” rating on shares of Centerra Gold in a research report on Friday. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Scotiabank cut their target price on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Centerra Gold presently has an average rating of “Moderate Buy” and an average price target of $11.00.

About Centerra Gold

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.