Nokomis Capital L.L.C. Reduces Stock Position in Centerra Gold Inc. (NYSE:CGAU)

Nokomis Capital L.L.C. trimmed its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,783 shares of the company’s stock after selling 9,700 shares during the period. Nokomis Capital L.L.C. owned approximately 0.07% of Centerra Gold worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Centerra Gold in the fourth quarter worth $268,000. Barclays PLC increased its holdings in Centerra Gold by 284.5% during the third quarter. Barclays PLC now owns 74,930 shares of the company’s stock valued at $537,000 after buying an additional 55,444 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company’s stock worth $18,733,000 after acquiring an additional 836,777 shares during the last quarter. Ritholtz Wealth Management lifted its position in Centerra Gold by 285.2% during the fourth quarter. Ritholtz Wealth Management now owns 97,025 shares of the company’s stock valued at $552,000 after purchasing an additional 71,835 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Centerra Gold by 11.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company’s stock worth $284,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Down 0.5%

Shares of Centerra Gold stock opened at $6.61 on Wednesday. The firm has a market cap of $1.39 billion, a PE ratio of 18.36 and a beta of 0.80. The stock has a 50 day moving average of $6.37 and a 200 day moving average of $6.20. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $299.50 million during the quarter, compared to analyst estimates of $288.25 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. As a group, equities research analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Thursday, May 22nd. Centerra Gold’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

CGAU has been the subject of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research note on Monday, April 14th. CIBC restated a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Wednesday, April 23rd. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

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.