Heartland Advisors Inc. Has $25.75 Million Position in Centerra Gold Inc. $CGAU

Heartland Advisors Inc. lifted its position in Centerra Gold Inc. (NYSE:CGAU) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,399,650 shares of the company’s stock after purchasing an additional 164,325 shares during the quarter. Centerra Gold comprises approximately 1.4% of Heartland Advisors Inc.’s portfolio, making the stock its 6th largest holding. Heartland Advisors Inc. owned approximately 1.19% of Centerra Gold worth $25,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted its holdings in shares of Centerra Gold by 1,106.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock worth $33,000 after acquiring an additional 2,733 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after purchasing an additional 1,839 shares during the period. Carrera Capital Advisors bought a new stake in shares of Centerra Gold in the second quarter worth about $81,000. Olympiad Research LP bought a new stake in shares of Centerra Gold in the second quarter worth about $89,000. Finally, State of Wyoming purchased a new position in Centerra Gold during the 3rd quarter valued at about $90,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, February 4th. Zacks Research raised shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Centerra Gold Stock Performance

Shares of CGAU opened at $18.82 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.76 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.43 and a beta of 0.88. The business’s 50 day moving average price is $16.22 and its 200-day moving average price is $12.35. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $20.40.

Centerra Gold 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.