Polar Asset Management Partners Inc. purchased a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 93,153 shares of the company's stock, valued at approximately $1,475,000.
Several other hedge funds have also recently bought and sold shares of CGAU. Precision Wealth Strategies LLC purchased a new position in shares of Centerra Gold during the 1st quarter valued at approximately $1,988,000. Walleye Capital LLC acquired a new position in Centerra Gold during the first quarter worth about $1,226,000. Public Employees Retirement System of Ohio increased its holdings in shares of Centerra Gold by 14.0% in the first quarter. Public Employees Retirement System of Ohio now owns 869,098 shares of the company's stock valued at $15,372,000 after buying an additional 106,527 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in Centerra Gold during the 2nd quarter worth about $245,004,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Centerra Gold during the second quarter worth $1,005,000. 55.40% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on CGAU. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Thursday, July 30th. Wall Street Zen downgraded shares of Centerra Gold from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Weiss Ratings downgraded Centerra Gold from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.50.
Get Our Latest Stock Analysis on CGAU
Centerra Gold Stock Down 2.0%
Shares of NYSE:CGAU opened at $23.69 on Thursday. The business's 50 day moving average is $18.14 and its 200 day moving average is $18.04. Centerra Gold Inc. has a 12-month low of $7.68 and a 12-month high of $24.32. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.90 and a beta of 0.80. 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 (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $394.27 million. On average, sell-side analysts forecast that Centerra Gold Inc. will post 1.63 earnings per share for the current fiscal year.
Centerra Gold Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.28 annualized dividend and a yield of 1.2%. Centerra Gold's payout ratio is 6.39%.
About Centerra Gold
(
Free Report)
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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