Causeway Capital Management LLC Has $9.25 Million Position in Centerra Gold Inc. $CGAU

Causeway Capital Management LLC lifted its holdings in Centerra Gold Inc. (NYSE:CGAU) by 35.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 863,377 shares of the company’s stock after purchasing an additional 227,876 shares during the period. Causeway Capital Management LLC owned 0.43% of Centerra Gold worth $9,252,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legal & General Group Plc increased its position in Centerra Gold by 32.2% in the 3rd quarter. Legal & General Group Plc now owns 1,082,097 shares of the company’s stock worth $11,596,000 after buying an additional 263,668 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Centerra Gold by 6.5% in the third quarter. Russell Investments Group Ltd. now owns 747,824 shares of the company’s stock worth $8,007,000 after acquiring an additional 45,789 shares during the last quarter. Barclays PLC increased its position in Centerra Gold by 13.6% during the third quarter. Barclays PLC now owns 394,502 shares of the company’s stock worth $4,233,000 after acquiring an additional 47,202 shares during the period. American Century Companies Inc. raised its stake in Centerra Gold by 32.7% during the 3rd quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock valued at $57,631,000 after purchasing an additional 1,324,448 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Centerra Gold by 194.2% during the 3rd quarter. Quantbot Technologies LP now owns 345,831 shares of the company’s stock valued at $3,711,000 after purchasing an additional 228,264 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CGAU shares. Wall Street Zen lowered shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. Zacks Research raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Centerra Gold Stock Up 1.1%

CGAU opened at $18.93 on Tuesday. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $21.17. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.94 and a beta of 0.83. The firm’s 50-day simple moving average is $17.69 and its 200-day simple moving average is $13.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.65 and a current ratio of 2.39.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Thursday, February 19th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%.The business had revenue of $401.60 million for the quarter, compared to the consensus estimate of $355.39 million. Equities research analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.28 annualized dividend and a yield of 1.5%. Centerra Gold’s dividend payout ratio is 7.04%.

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.