Centerra Gold Inc. $CGAU Shares Sold by Knoll Capital Management LLC

Knoll Capital Management LLC cut its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 59.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 497,402 shares of the company’s stock after selling 730,461 shares during the quarter. Centerra Gold makes up 2.9% of Knoll Capital Management LLC’s portfolio, making the stock its 14th largest holding. Knoll Capital Management LLC’s holdings in Centerra Gold were worth $5,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGAU. Goldman Sachs Group Inc. increased its holdings in Centerra Gold by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock valued at $84,739,000 after buying an additional 4,853,494 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Centerra Gold by 18.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,725,444 shares of the company’s stock worth $82,796,000 after acquiring an additional 1,195,277 shares in the last quarter. Waratah Capital Advisors Ltd. boosted its stake in shares of Centerra Gold by 4.1% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock worth $74,621,000 after acquiring an additional 275,510 shares in the last quarter. American Century Companies Inc. grew its position in shares of Centerra Gold by 32.7% during the 3rd quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock valued at $57,631,000 after acquiring an additional 1,324,448 shares during the period. Finally, Man Group plc grew its position in shares of Centerra Gold by 9.7% during the 2nd quarter. Man Group plc now owns 3,649,899 shares of the company’s stock valued at $26,241,000 after acquiring an additional 323,860 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Up 3.7%

CGAU stock opened at $18.30 on Tuesday. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $21.17. The company has a quick ratio of 1.65, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $18.10 and a 200-day simple moving average of $14.01. The stock has a market capitalization of $3.66 billion, a P/E ratio of 6.44, a P/E/G ratio of 0.89 and a beta of 0.83.

Centerra Gold (NYSE:CGAU) last issued 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. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. The firm had revenue of $401.60 million for the quarter, compared to analyst estimates of $355.39 million. Equities analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Centerra Gold’s dividend payout ratio is presently 7.39%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CGAU. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Wednesday, February 4th. Scotiabank raised their price objective 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 upgraded Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Monday, December 29th. Finally, BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.