Centerra Gold Inc. $CGAU Shares Sold by Extract Advisors LLC

Extract Advisors LLC trimmed its stake in Centerra Gold Inc. (NYSE:CGAU) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,600 shares of the company’s stock after selling 60,000 shares during the quarter. Centerra Gold makes up 3.4% of Extract Advisors LLC’s portfolio, making the stock its 7th biggest holding. Extract Advisors LLC’s holdings in Centerra Gold were worth $9,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in shares of Centerra Gold by 2.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock valued at $357,000 after buying an additional 575 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Centerra Gold by 2.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock worth $531,000 after acquiring an additional 747 shares during the period. CWM LLC grew its holdings in Centerra Gold by 5.3% in the fourth quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after purchasing an additional 820 shares during the period. Pictet Asset Management Holding SA raised its stake in Centerra Gold by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock worth $693,000 after purchasing an additional 1,340 shares during the period. Finally, Baron Wealth Management LLC increased its holdings in shares of Centerra Gold by 6.2% during the 1st quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock worth $491,000 after buying an additional 1,621 shares during the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CGAU. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.50.

Centerra Gold Trading Up 1.7%

CGAU opened at $16.46 on Tuesday. The firm’s fifty day moving average price is $16.28 and its 200 day moving average price is $17.48. The stock has a market capitalization of $3.26 billion, a PE ratio of 5.31, a P/E/G ratio of 0.61 and a beta of 0.81. Centerra Gold Inc. has a 12-month low of $6.71 and a 12-month high of $21.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.60.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%. As a group, research analysts expect that Centerra Gold Inc. will post 1.61 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.7%. Centerra Gold’s payout ratio is presently 6.77%.

About Centerra Gold

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.