Atria Wealth Solutions Inc. Sells 15,000 Shares of Centerra Gold Inc. $CGAU

Atria Wealth Solutions Inc. lessened its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 16.7% during the 2nd quarter, Holdings Channel reports. The fund owned 75,000 shares of the company’s stock after selling 15,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in Centerra Gold were worth $566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC boosted its position in Centerra Gold by 15.6% during the 2nd quarter. CWM LLC now owns 14,480 shares of the company’s stock valued at $104,000 after acquiring an additional 1,955 shares in the last quarter. Hsbc Holdings PLC boosted its position in Centerra Gold by 4.7% during the 1st quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock valued at $351,000 after acquiring an additional 2,499 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Centerra Gold during the 2nd quarter valued at $27,000. Northwest & Ethical Investments L.P. boosted its position in Centerra Gold by 29.1% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 19,488 shares of the company’s stock valued at $124,000 after acquiring an additional 4,398 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Centerra Gold by 43.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,183 shares of the company’s stock valued at $128,000 after acquiring an additional 6,071 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

CGAU has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Centerra Gold in a research report on Wednesday, October 8th. BMO Capital Markets reissued a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Scotiabank lowered their price objective on Centerra Gold from $12.00 to $9.50 and set a “sector outperform” rating for the company in a research report on Tuesday, September 16th. Raymond James Financial cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.83.

Centerra Gold Price Performance

Shares of CGAU stock opened at $11.83 on Monday. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 0.76 and a beta of 0.88. The business has a fifty day moving average of $9.35 and a 200 day moving average of $7.80. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $12.80.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The company had revenue of $288.30 million during the quarter, compared to analyst estimates of $319.42 million. Centerra Gold had a return on equity of 9.12% and a net margin of 6.21%. As a group, equities research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.4%. Centerra Gold’s dividend payout ratio (DPR) is presently 60.61%.

Centerra Gold Company 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.