Renaissance Technologies LLC Boosts Stake in Centerra Gold Inc. $CGAU

Renaissance Technologies LLC boosted its position in Centerra Gold Inc. (NYSE:CGAU) by 66.3% in the 1st quarter, Holdings Channel reports. The firm owned 912,238 shares of the company’s stock after buying an additional 363,538 shares during the quarter. Renaissance Technologies LLC’s holdings in Centerra Gold were worth $16,229,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Osaic Holdings Inc. grew its stake 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 valued at $34,000 after buying an additional 1,839 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Centerra Gold in the fourth quarter worth approximately $36,000. Leonteq Securities AG purchased a new stake in shares of Centerra Gold in the fourth quarter worth approximately $72,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Centerra Gold during the 1st quarter worth approximately $97,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Centerra Gold during the fourth quarter worth $100,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Shares of CGAU opened at $17.18 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.60 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.40 billion, a PE ratio of 5.49, a P/E/G ratio of 0.69 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 stock has a fifty day moving average price of $16.33 and a 200-day moving average price of $17.52.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%.The firm had revenue of $442.71 million for the quarter, compared to the consensus estimate of $394.27 million. Equities research analysts predict that Centerra Gold Inc. will post 1.61 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold’s dividend payout ratio (DPR) is currently 6.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CGAU shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a report on Thursday. Wall Street Zen lowered shares of Centerra Gold from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, July 7th. Finally, Weiss Ratings downgraded shares of Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Five 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, Centerra Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

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.