Centerra Gold Inc. $CGAU is Waratah Capital Advisors Ltd.’s 4th Largest Position

Waratah Capital Advisors Ltd. increased its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 6,954,407 shares of the company’s stock after buying an additional 275,510 shares during the quarter. Centerra Gold accounts for 1.3% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 4th biggest holding. Waratah Capital Advisors Ltd.’s holdings in Centerra Gold were worth $74,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in shares of 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 during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Centerra Gold during the 3rd quarter valued at approximately $23,106,000. Acadian Asset Management LLC lifted its position in Centerra Gold by 26.2% during the 2nd quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company’s stock worth $61,027,000 after acquiring an additional 1,761,904 shares during the period. Bank of America Corp DE lifted its position in Centerra Gold by 71.2% during the 2nd quarter. Bank of America Corp DE now owns 2,521,903 shares of the company’s stock worth $18,183,000 after acquiring an additional 1,049,152 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Centerra Gold by 146.2% in the 3rd 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 during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Stock Performance

NYSE:CGAU opened at $19.25 on Wednesday. The firm’s fifty day simple moving average is $16.81 and its 200-day simple moving average is $12.84. 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 stock has a market cap of $3.85 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.44 and a beta of 0.88. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $20.40.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.41 EPS for the quarter, topping 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 the consensus estimate of $355.39 million. Analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a $0.07 dividend. The ex-dividend date 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 currently 7.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Scotiabank lifted their target price on shares of 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 shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.00.

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.