Centerra Gold Inc. $CGAU is Waratah Capital Advisors Ltd.’s 4th Largest Position

Waratah Capital Advisors Ltd. grew its holdings in Centerra Gold Inc. (NYSE:CGAU) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,954,407 shares of the company’s stock after acquiring an additional 275,510 shares during the period. Centerra Gold comprises approximately 1.3% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 4th largest position. Waratah Capital Advisors Ltd. owned 3.45% of Centerra Gold worth $74,621,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC grew its stake in Centerra Gold by 6.9% during the 3rd quarter. CWM LLC now owns 15,480 shares of the company’s stock worth $166,000 after purchasing an additional 1,000 shares in the last quarter. Osaic Holdings Inc. raised its position in Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after purchasing an additional 1,839 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Centerra Gold by 0.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 702,035 shares of the company’s stock valued at $5,045,000 after buying an additional 2,047 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Centerra Gold by 1,106.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock worth $33,000 after buying an additional 2,733 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its stake in shares of Centerra Gold by 16.2% during the second quarter. Northwest & Ethical Investments L.P. now owns 22,648 shares of the company’s stock worth $163,000 after buying an additional 3,160 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Price Performance

Shares of NYSE:CGAU opened at $19.25 on Wednesday. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $20.40. The firm has a market capitalization of $3.85 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.44 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.65. The company’s fifty day moving average price is $16.81 and its 200 day moving average price is $12.84.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%.The company had revenue of $401.60 million for the quarter, compared to analyst estimates of $355.39 million. As a group, sell-side analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.28 annualized dividend and a yield of 1.5%. Centerra Gold’s payout ratio is 7.04%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CGAU shares. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a report on Monday, December 29th. Scotiabank lifted their price objective on shares of Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Finally, Raymond James Financial restated a “market perform” rating on shares of Centerra Gold in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

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.