65,249 Shares in Centerra Gold Inc. $CGAU Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies acquired 65,249 Centerra Gold shares worth approximately $1.04 million in the second quarter, while institutional investors collectively own 55.4% of the company.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds, resulting in a “Moderate Buy” consensus and an average price target of $17.50.
• Centerra Gold exceeded quarterly expectations, reporting $0.39 in EPS and $442.71 million in revenue, and declared a quarterly dividend of $0.07 per share, representing a 1.2% annualized yield.

Quantbot Technologies LP purchased a new stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 65,249 shares of the company's stock, valued at approximately $1,035,000.

Several other institutional investors have also recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings 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 worth $34,000 after purchasing an additional 1,839 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Centerra Gold in the fourth quarter valued at about $36,000. Leonteq Securities AG bought a new position in shares of Centerra Gold in the fourth quarter valued at about $72,000. C M Bidwell & Associates Ltd. acquired a new position in Centerra Gold during the 2nd quarter worth about $83,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Centerra Gold during the 1st quarter worth about $97,000. Institutional investors own 55.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CGAU. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Centerra Gold in a research report on Thursday, July 30th. Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Weiss Ratings downgraded Centerra Gold from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen lowered Centerra Gold from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Centerra Gold presently has a consensus rating of "Moderate Buy" and an average target price of $17.50.

Centerra Gold Stock Down 2.0%

Shares of CGAU stock opened at $23.69 on Thursday. The firm has a fifty day moving average of $18.14 and a 200-day moving average of $18.04. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.03. Centerra Gold Inc. has a 12-month low of $7.68 and a 12-month high of $24.32. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 0.90 and a beta of 0.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%.The business had revenue of $442.71 million for the quarter, compared to analyst estimates of $394.27 million. As a group, equities research analysts predict that Centerra Gold Inc. will post 1.63 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold's payout ratio is currently 6.39%.

About Centerra Gold

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.

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