Sanctuary Advisors LLC Takes $503,000 Position in Centerra Gold Inc. $CGAU

Sanctuary Advisors LLC acquired a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,720 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. acquired a new stake in shares of Centerra Gold in the second quarter valued at $245,004,000. Goldman Sachs Group Inc. grew its position in Centerra Gold by 57.2% during the 1st 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 in the last quarter. FIL Ltd purchased a new position in shares of Centerra Gold during the fourth quarter valued at $35,991,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Centerra Gold during the 2nd quarter valued at about $37,142,000. Finally, Heartland Advisors Inc. purchased a new position in Centerra Gold during the second quarter valued at approximately $34,082,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on CGAU shares. Wall Street Zen downgraded Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Weiss Ratings downgraded Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Centerra Gold Stock Performance

NYSE CGAU opened at $23.48 on Friday. The company has a 50 day moving average of $18.43 and a 200-day moving average of $18.13. Centerra Gold Inc. has a 1-year low of $7.84 and a 1-year high of $24.52. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.88 and a beta of 0.80. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $442.71 million for the quarter, compared to analyst estimates of $394.27 million. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%. On average, equities analysts forecast that Centerra Gold Inc. will post 1.63 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Centerra Gold’s payout ratio is 6.39%.

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.