Cibc World Market Inc. acquired a new stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 63,010 shares of the company's stock, valued at approximately $998,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Precision Wealth Strategies LLC purchased a new position in Centerra Gold during the 1st quarter valued at about $1,988,000. Walleye Capital LLC purchased a new stake in shares of Centerra Gold in the first quarter worth about $1,226,000. Public Employees Retirement System of Ohio lifted 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 worth $15,372,000 after buying an additional 106,527 shares in the last quarter. Donald Smith & CO. Inc. purchased a new stake in shares of Centerra Gold in the second quarter worth about $245,004,000. Finally, Persistent Asset Partners Ltd bought a new position in shares of Centerra Gold in the second quarter valued at approximately $1,005,000. Hedge funds and other institutional investors own 55.40% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Centerra Gold from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Centerra Gold in a research report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Centerra Gold from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.
Read Our Latest Analysis on CGAU
Centerra Gold Stock Performance
Shares of CGAU opened at $24.30 on Friday. The company has a market cap of $4.77 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.89 and a beta of 0.80. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $18.29 and a 200-day moving average price of $18.09. Centerra Gold Inc. has a 12-month low of $7.73 and a 12-month high of $24.32.
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, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $442.71 million for the quarter, compared to analysts' expectations of $394.27 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. As a group, equities analysts forecast that Centerra Gold Inc. will post 1.63 earnings per share for the current fiscal year.
Centerra Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold's payout ratio is currently 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.
See Also
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