Edmond DE Rothschild Holding S.A. Has $14.75 Million Stock Position in Centerra Gold Inc. $CGAU

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Centerra Gold Inc. by 15.4%, owning approximately 2.32 million shares worth $14.75 million as of the latest SEC filing.
• Centerra Gold reported an earnings per share (EPS) of $0.25, surpassing analysts' expectations of $0.17, despite revenue falling short of estimates at $288.3 million.
• The company declared a quarterly dividend of $0.07 per share, equating to an annual yield of 3.3%, with an ex-dividend date set for August 21st.

Edmond DE Rothschild Holding S.A. lifted its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 15.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,320,718 shares of the company's stock after buying an additional 309,136 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 1.11% of Centerra Gold worth $14,752,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CGAU. Pinnacle Holdings LLC purchased a new position in shares of Centerra Gold in the 1st quarter valued at $39,000. Vise Technologies Inc. acquired a new stake in shares of Centerra Gold in the 4th quarter worth approximately $58,000. OMERS ADMINISTRATION Corp bought a new stake in Centerra Gold during the fourth quarter worth approximately $79,000. Capstone Investment Advisors LLC boosted its stake in Centerra Gold by 34.2% in the 4th quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company's stock worth $95,000 after purchasing an additional 4,263 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Centerra Gold by 74.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,488 shares of the company's stock valued at $117,000 after buying an additional 7,895 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Performance

CGAU traded down $0.03 on Tuesday, reaching $8.87. The company had a trading volume of 934,756 shares, compared to its average volume of 1,001,366. The stock has a market cap of $1.79 billion, a P/E ratio of 26.83, a P/E/G ratio of 0.65 and a beta of 0.81. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $9.01. The company's fifty day moving average is $7.46 and its 200 day moving average is $6.89.

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, topping the consensus estimate of $0.17 by $0.08. The company had revenue of $288.30 million for the quarter, compared to analysts' expectations of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. On average, sell-side analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's dividend payout ratio is 60.61%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CGAU. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Wall Street Zen raised shares of Centerra Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. BMO Capital Markets cut shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 8th. Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Finally, CIBC reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Centerra Gold has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Centerra Gold 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.