Centerra Gold Inc. $CGAU Holdings Boosted by Heartland Advisors Inc.

Heartland Advisors Inc. grew its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,399,650 shares of the company’s stock after acquiring an additional 164,325 shares during the period. Centerra Gold comprises approximately 1.4% of Heartland Advisors Inc.’s holdings, making the stock its 6th largest position. Heartland Advisors Inc.’s holdings in Centerra Gold were worth $25,748,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CGAU. Cubist Systematic Strategies LLC purchased a new position in shares of Centerra Gold during the 1st quarter valued at about $192,000. Dynamic Technology Lab Private Ltd purchased a new position in Centerra Gold during the first quarter valued at approximately $97,000. Goldman Sachs Group Inc. boosted its position 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 worth $84,739,000 after purchasing an additional 4,853,494 shares during the period. Empowered Funds LLC purchased a new stake in shares of Centerra Gold in the first quarter worth $218,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Centerra Gold by 52.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,046 shares of the company’s stock valued at $231,000 after purchasing an additional 10,977 shares during the period. 55.40% of the stock is owned by institutional investors.

Centerra Gold Stock Performance

NYSE:CGAU opened at $18.82 on Tuesday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.43 and a beta of 0.88. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $20.40. The stock’s 50 day simple moving average is $16.22 and its two-hundred day simple moving average is $12.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.89 and a quick ratio of 2.10.

Analysts Set New Price Targets

CGAU has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a report on Monday, December 29th. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a research report on Thursday, October 30th. Scotiabank lifted their target price on Centerra Gold from $13.50 to $19.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Wall Street Zen raised Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Centerra Gold currently has an average 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.