Centerra Gold Inc. $CGAU Stake Decreased by Accordant Advisory Group Inc

Key Points

• Accordant Advisory Group cut its Centerra Gold stake by 94.9% in the third quarter, selling 189,160 shares and retaining 10,157 shares valued at approximately $221,000. Institutional investors collectively own 55.4% of the company.
• Centerra Gold exceeded quarterly expectations, reporting EPS of $0.37 versus the $0.33 consensus and revenue of $500.3 million versus $440.8 million expected. Analysts’ average rating remains “Moderate Buy,” with a $21.00 price target, although ratings are mixed.
• The company declared a quarterly dividend of C$0.07 per share, equivalent to C$0.28 annually and a 1.4% yield, payable December 2 to shareholders of record November 19.

Accordant Advisory Group Inc trimmed its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 94.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,157 shares of the company's stock after selling 189,160 shares during the period. Accordant Advisory Group Inc's holdings in Centerra Gold were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CGAU. Integrated Wealth Concepts LLC acquired a new stake in shares of Centerra Gold during the second quarter worth about $28,000. Pinnacle Holdings LLC bought a new stake in Centerra Gold during the second quarter worth approximately $45,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Centerra Gold in the 2nd quarter valued at $83,000. Farther Finance Advisors LLC increased its stake in shares of Centerra Gold by 18.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,177 shares of the company's stock valued at $156,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Centerra Gold by 35.0% in the first quarter. Kestra Advisory Services LLC now owns 10,797 shares of the company's stock valued at $192,000 after acquiring an additional 2,797 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

CGAU has been the subject of several recent analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Zacks Research cut Centerra Gold from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 6th. Wall Street Zen cut shares of Centerra Gold from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Centerra Gold in a report on Friday, October 16th. Finally, Weiss Ratings upgraded shares of Centerra Gold from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday, October 26th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Centerra Gold Stock Up 0.2%

Shares of NYSE CGAU opened at $20.24 on Monday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.89 and a beta of 0.84. The firm's 50-day simple moving average is $22.19 and its 200 day simple moving average is $18.95. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 0.03. Centerra Gold Inc. has a 12-month low of $11.13 and a 12-month high of $24.52.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $500.30 million for the quarter, compared to the consensus estimate of $440.83 million. Centerra Gold had a return on equity of 15.10% and a net margin of 23.67%. On average, research analysts expect that Centerra Gold Inc. will post 1.52 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, December 2nd. Investors of record on Thursday, November 19th will be given a dividend of C$0.07 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Centerra Gold's dividend payout ratio (DPR) is 9.30%.

Trending Headlines about Centerra Gold

Here are the key news stories impacting Centerra Gold this week:

• Positive Sentiment: Centerra reported third-quarter adjusted earnings of $0.37 per share, exceeding the $0.33 analyst consensus, while revenue of $500.3 million was well above estimates of $440.8 million. Centerra Gold Reports Third Quarter 2026 Results
• Positive Sentiment: Full-year all-in sustaining cost guidance on a by-product basis at the Mount Milligan mine was lowered, suggesting better-than-expected cost performance. The company also reported record quarterly share repurchases and continued progress on its self-funded North American growth strategy. Operational and Capital Allocation Update
• Positive Sentiment: The board approved a quarterly dividend of C$0.07 per share, or C$0.28 annualized, payable December 2 to shareholders of record November 19. The dividend represents approximately C$13.6 million in total distributions and supports the investment case through ongoing shareholder returns. Centerra Gold Announces Quarterly Dividend
• Neutral Sentiment: Centerra’s assets climbed above $3.2 billion, indicating a substantial asset base, although the market’s focus remains on operating profitability and mine execution. Centerra Gold Third-Quarter Results and Assets
• Negative Sentiment: Reports highlighted a decline in Centerra’s third-quarter bottom line, which may be overshadowing the EPS and revenue beats. In addition, Zacks added CGAU to its Rank #5 “Strong Sell” list, creating another near-term source of negative sentiment. Centerra Gold Reveals Drop in Q3 Bottom Line

Centerra Gold Profile

Centerra Gold Inc is a Canadian-based mining company focused on the acquisition, exploration, development and operation of gold and copper properties. The company produces gold doré and copper-gold concentrate from its operating mines and manages related processing, infrastructure and exploration activities.

Centerra's principal assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. The company also owns the Kemess project in British Columbia, which is being advanced as a potential copper-gold development project.

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