Centerra Gold Inc. $CGAU Shares Bought by Ashton Thomas Private Wealth LLC

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 grew its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 68.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,369 shares of the company's stock after purchasing an additional 30,975 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Centerra Gold were worth $485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CGAU. Pinnacle Holdings LLC bought a new stake in shares of Centerra Gold in the first quarter valued at approximately $39,000. Vise Technologies Inc. purchased a new position in Centerra Gold in the 4th quarter worth approximately $58,000. OMERS ADMINISTRATION Corp purchased a new position in Centerra Gold in the 4th quarter worth approximately $79,000. Dynamic Technology Lab Private Ltd purchased a new position in Centerra Gold in the 1st quarter worth approximately $97,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Centerra Gold by 74.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,488 shares of the company's stock worth $117,000 after acquiring an additional 7,895 shares during the last quarter. Institutional investors own 55.40% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on CGAU. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. CIBC restated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Wall Street Zen upgraded shares of Centerra Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada lowered shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from $13.00 to $14.00 in a report on Wednesday, September 10th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.83.

Centerra Gold Stock Performance

NYSE CGAU traded down $0.22 on Tuesday, hitting $9.03. 1,063,950 shares of the stock were exchanged, compared to its average volume of 1,036,904. The stock has a fifty day moving average price of $7.63 and a two-hundred day moving average price of $7.00. The firm has a market capitalization of $1.83 billion, a P/E ratio of 27.35, a P/E/G ratio of 0.70 and a beta of 0.81. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $9.43.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%.The business had revenue of $288.30 million during the quarter, compared to the consensus estimate of $319.42 million. Sell-side analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

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

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.