Ritholtz Wealth Management Has $2.11 Million Stock Holdings in Centerra Gold Inc. $CGAU

Key Points

• Ritholtz Wealth Management cut its Centerra Gold stake by 25.9% in Q4, selling 51,441 shares and now holds 147,141 shares worth about $2.11 million (≈0.07% of the company).
• Analyst sentiment has turned positive with several upgrades (Scotiabank raised its price target to $19); the stock carries a consensus rating of Moderate Buy and a $16 average price target.
• Centerra recently beat quarterly estimates (EPS $0.41 vs. $0.34; revenue $401.6M vs. $355.4M), declared a $0.07 quarterly dividend (1.4% yield), and trades at a P/E of 6.85 with a $3.89B market cap.

Ritholtz Wealth Management lessened its position in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 25.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,141 shares of the company's stock after selling 51,441 shares during the period. Ritholtz Wealth Management owned about 0.07% of Centerra Gold worth $2,114,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Burkett Financial Services LLC raised its holdings in shares of Centerra Gold by 27.5% in the fourth quarter. Burkett Financial Services LLC now owns 3,569 shares of the company's stock valued at $51,000 after buying an additional 769 shares during the last quarter. CWM LLC raised its holdings in shares of Centerra Gold by 6.9% in the third quarter. CWM LLC now owns 15,480 shares of the company's stock valued at $166,000 after buying an additional 1,000 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company's stock valued at $34,000 after buying an additional 1,839 shares during the last quarter. Baron Wealth Management LLC raised its holdings in shares of Centerra Gold by 10.8% in the fourth quarter. Baron Wealth Management LLC now owns 25,981 shares of the company's stock valued at $373,000 after buying an additional 2,542 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Centerra Gold by 1,106.5% in the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company's stock valued at $33,000 after buying an additional 2,733 shares during the last quarter. 55.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CGAU has been the subject of a number of research analyst reports. Scotiabank lifted their price target on Centerra Gold from $13.50 to $19.00 and gave the company an "outperform" rating in a report on Monday, January 26th. Zacks Research cut Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Centerra Gold in a report on Friday, March 27th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Wednesday, February 4th. Finally, Wall Street Zen raised Centerra Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 28th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Centerra Gold Trading Up 0.0%

CGAU opened at $19.46 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 1.65. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.90. The firm has a 50 day simple moving average of $18.30 and a 200 day simple moving average of $15.16. Centerra Gold Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $21.17.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $401.60 million for the quarter, compared to the consensus estimate of $355.39 million. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. On average, sell-side analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, March 12th. Centerra Gold's dividend payout ratio (DPR) is currently 7.39%.

Centerra Gold Company Profile

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.

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