Centerra Gold Inc. (NYSE:CGAU) Shares Acquired by Aristides Capital LLC

Aristides Capital LLC lifted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 164.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,018 shares of the company’s stock after purchasing an additional 50,336 shares during the period. Aristides Capital LLC’s holdings in Centerra Gold were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CGAU. SG Americas Securities LLC purchased a new stake in Centerra Gold during the 4th quarter worth approximately $59,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Centerra Gold during the fourth quarter worth approximately $60,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Centerra Gold during the fourth quarter worth approximately $80,000. HighTower Advisors LLC acquired a new position in Centerra Gold in the 3rd quarter valued at $127,000. Finally, Entropy Technologies LP purchased a new position in Centerra Gold in the 4th quarter valued at $177,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Trading Down 9.4 %

Centerra Gold stock opened at $5.63 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of 15.63 and a beta of 0.81. The company has a 50-day moving average price of $6.18 and a 200 day moving average price of $6.31. Centerra Gold Inc. has a 12-month low of $5.46 and a 12-month high of $7.82.

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

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Thursday, March 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio is 52.78%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a research note on Thursday, March 20th. Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Scotiabank lowered their target price on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 15th. Finally, National Bank Financial raised Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.