190,000 Shares in Centerra Gold Inc. $CGAU Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in Centerra Gold Inc. (NYSE:CGAU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 190,000 shares of the company’s stock, valued at approximately $2,036,000. Polar Asset Management Partners Inc. owned about 0.09% of Centerra Gold as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new position in Centerra Gold during the third quarter worth $30,000. TD Waterhouse Canada Inc. raised its holdings in shares of Centerra Gold by 1,106.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock valued at $33,000 after buying an additional 2,733 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Centerra Gold by 63.0% in the 2nd 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 period. State of Wyoming acquired a new position in Centerra Gold during the 3rd quarter worth about $90,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Centerra Gold during the 2nd quarter valued at about $97,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analysts Set New Price Targets

CGAU has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a report on Wednesday, February 4th. Scotiabank increased their target price on shares of Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Wall Street Zen lowered shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Centerra Gold Price Performance

CGAU stock opened at $16.52 on Friday. The business’s 50-day moving average is $18.22 and its two-hundred day moving average is $14.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.65. The firm has a market capitalization of $3.30 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.87 and a beta of 0.83. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $21.17.

Centerra Gold (NYSE:CGAU) last announced 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 return on equity of 12.42% and a net margin of 42.18%.The business had revenue of $401.60 million during the quarter, compared to the consensus estimate of $355.39 million. Analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, March 12th. Centerra Gold’s payout ratio is 7.39%.

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.