O Shaughnessy Asset Management LLC Trims Position in Centerra Gold Inc. $CGAU

O Shaughnessy Asset Management LLC decreased its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 495,171 shares of the company’s stock after selling 54,192 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Centerra Gold were worth $7,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Burkett Financial Services LLC purchased a new position in shares of Centerra Gold during the third quarter valued at approximately $30,000. Osaic Holdings Inc. lifted its stake in shares of Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after buying an additional 1,839 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Centerra Gold during the fourth quarter valued at approximately $36,000. Leonteq Securities AG purchased a new position in shares of Centerra Gold during the fourth quarter valued at approximately $72,000. Finally, State of Wyoming purchased a new position in shares of Centerra Gold during the third quarter valued at approximately $90,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

NYSE:CGAU opened at $14.74 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.93 billion, a P/E ratio of 4.75, a P/E/G ratio of 0.73 and a beta of 0.79. Centerra Gold Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $21.17. 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 posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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. Analysts expect that Centerra Gold Inc. will post 1.79 EPS for the current year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 6.77%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CGAU shares. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Scotiabank increased their price target on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus 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.