Vanguard Group Inc. Has $89.34 Million Position in Centerra Gold Inc. $CGAU

Vanguard Group Inc. cut its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 0.4% in the third quarter, Holdings Channel reports. The institutional investor owned 8,338,134 shares of the company’s stock after selling 30,917 shares during the period. Vanguard Group Inc.’s holdings in Centerra Gold were worth $89,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after acquiring an additional 4,853,494 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Centerra Gold by 26.2% in the second quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company’s stock worth $61,027,000 after purchasing an additional 1,761,904 shares in the last quarter. Waratah Capital Advisors Ltd. lifted its position in shares of Centerra Gold by 29.9% in the second quarter. Waratah Capital Advisors Ltd. now owns 6,678,897 shares of the company’s stock worth $48,155,000 after purchasing an additional 1,537,692 shares in the last quarter. Bank of America Corp DE boosted its holdings in Centerra Gold by 71.2% during the second quarter. Bank of America Corp DE now owns 2,521,903 shares of the company’s stock worth $18,183,000 after purchasing an additional 1,049,152 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Centerra Gold by 146.2% in the third quarter. JPMorgan Chase & Co. now owns 1,367,172 shares of the company’s stock valued at $14,670,000 after purchasing an additional 811,803 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CGAU. Zacks Research raised shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a report on Monday, December 29th. Scotiabank raised their price target on Centerra Gold from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Finally, Wall Street Zen downgraded Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. 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. According to MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $18.42 on Friday. The business’s 50 day moving average price is $17.52 and its two-hundred day moving average price is $13.38. The company has a market cap of $3.68 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 0.97 and a beta of 0.83. The company has a quick ratio of 1.65, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $21.17.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $355.39 million. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%. On average, analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The business also recently disclosed 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. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 12th. Centerra Gold’s payout ratio is 7.04%.

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.