Ashton Thomas Private Wealth LLC Boosts Holdings in Centerra Gold Inc. $CGAU

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Centerra Gold Inc. by 68.2%, acquiring 30,975 shares and bringing its total holdings to 76,369 shares.
• Centerra Gold recently reported an earnings per share (EPS) of $0.25, surpassing analysts' expectations of $0.17, though its revenue fell short at $288.3 million compared to forecasts of $319.42 million.
• The company declared a quarterly dividend of $0.07 per share, translating to an annual yield of 3.1% and a dividend payout ratio of 60.61%.

Ashton Thomas Private Wealth LLC boosted its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 68.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,369 shares of the company's stock after acquiring an additional 30,975 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Centerra Gold were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CGAU. Goldman Sachs Group Inc. raised its stake in shares of Centerra Gold by 57.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock worth $84,739,000 after purchasing an additional 4,853,494 shares during the last quarter. Royal Bank of Canada increased its stake in Centerra Gold by 9.2% in the 1st quarter. Royal Bank of Canada now owns 8,684,513 shares of the company's stock valued at $55,146,000 after buying an additional 734,104 shares during the period. Vanguard Group Inc. raised its position in Centerra Gold by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,310,457 shares of the company's stock worth $52,722,000 after buying an additional 55,839 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Centerra Gold by 9.9% in the 1st quarter. American Century Companies Inc. now owns 3,618,654 shares of the company's stock worth $22,958,000 after acquiring an additional 326,794 shares during the period. Finally, Pale Fire Capital SE boosted its holdings in shares of Centerra Gold by 52.6% in the first quarter. Pale Fire Capital SE now owns 3,467,298 shares of the company's stock valued at $22,017,000 after acquiring an additional 1,194,500 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. CIBC restated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, July 15th. Scotiabank reduced their price target on Centerra Gold from $12.00 to $9.50 and set a "sector outperform" rating for the company in a report on Tuesday. BMO Capital Markets reaffirmed a "market perform" rating on shares of Centerra Gold in a report on Monday. Wall Street Zen raised Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.83.

Centerra Gold Stock Up 1.3%

Shares of CGAU traded up $0.12 during mid-day trading on Wednesday, reaching $9.16. 288,119 shares of the company's stock were exchanged, compared to its average volume of 1,037,843. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $9.43. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 2.51 and a beta of 0.82. The company has a 50-day simple moving average of $7.67 and a two-hundred day simple moving average of $7.01.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%.The firm had revenue of $288.30 million for the quarter, compared to analysts' expectations of $319.42 million. As a group, equities research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's payout ratio is currently 60.61%.

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.