Caisse de depot et placement du Quebec acquired a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 198,809 shares of the company's stock, valued at approximately $3,152,000. Caisse de depot et placement du Quebec owned about 0.10% of Centerra Gold at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Centerra Gold during the first quarter worth approximately $192,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Centerra Gold in the 1st quarter valued at $97,000. Goldman Sachs Group Inc. raised its position in Centerra Gold by 57.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company's stock valued at $84,739,000 after purchasing an additional 4,853,494 shares during the last quarter. Empowered Funds LLC purchased a new stake in Centerra Gold in the 1st quarter valued at $218,000. Finally, Geode Capital Management LLC boosted its stake in Centerra Gold by 20.3% during the 2nd quarter. Geode Capital Management LLC now owns 767,536 shares of the company's stock worth $5,534,000 after purchasing an additional 129,737 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.
Centerra Gold Price Performance
Centerra Gold stock opened at $23.48 on Friday. Centerra Gold Inc. has a 12 month low of $7.84 and a 12 month high of $24.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 1.49. The business has a 50 day simple moving average of $18.43 and a 200-day simple moving average of $18.13. The stock has a market capitalization of $4.61 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 0.88 and a beta of 0.80.
Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $442.71 million for the quarter, compared to analyst estimates of $394.27 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. Equities analysts predict that Centerra Gold Inc. will post 1.63 earnings per share for the current year.
Centerra Gold Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Centerra Gold's dividend payout ratio (DPR) is 6.39%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on CGAU. Scotiabank reissued 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 lowered Centerra Gold from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.
Get Our Latest Stock Report on CGAU
Centerra Gold Profile
(
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.
Further Reading
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