Healthcare of Ontario Pension Plan Trust Fund Invests $952,000 in Centerra Gold Inc. $CGAU

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Centerra Gold Inc. (NYSE:CGAU) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,533 shares of the company’s stock, valued at approximately $952,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new stake in Centerra Gold in the 1st quarter worth approximately $192,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Centerra Gold during the 1st quarter valued at $97,000. Goldman Sachs Group Inc. grew its holdings in shares of Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock valued at $84,739,000 after acquiring an additional 4,853,494 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Centerra Gold during the 1st quarter valued at $218,000. Finally, Geode Capital Management LLC increased its stake in shares of Centerra Gold by 20.3% in the second quarter. Geode Capital Management LLC now owns 767,536 shares of the company’s stock worth $5,534,000 after acquiring an additional 129,737 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Stock Down 6.2%

CGAU stock 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. Centerra Gold Inc. has a 1 year low of $6.71 and a 1 year high of $21.17. The company has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $17.52. The firm has a market cap of $3.40 billion, a PE ratio of 5.49, a PEG ratio of 0.65 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $442.71 million during the quarter, compared to analysts’ expectations of $394.27 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. Sell-side analysts anticipate that Centerra Gold Inc. will post 1.6 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CGAU. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings downgraded Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Thursday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.