98,310 Shares in Centerra Gold Inc. $CGAU Acquired by Cvfg LLC

Cvfg LLC purchased a new stake in Centerra Gold Inc. (NYSE:CGAU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 98,310 shares of the company’s stock, valued at approximately $1,749,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGAU. Burkett Financial Services LLC acquired a new stake in shares of Centerra Gold in the third quarter worth $30,000. Osaic Holdings Inc. lifted its holdings in shares of Centerra Gold by 63.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after acquiring an additional 1,839 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Centerra Gold during the 4th quarter valued at $36,000. Leonteq Securities AG purchased a new stake in Centerra Gold during the 4th quarter worth $72,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Centerra Gold in the 1st quarter valued at $97,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Price Performance

CGAU stock opened at $16.18 on Wednesday. The stock’s 50 day moving average is $16.85 and its two-hundred day moving average is $17.36. Centerra Gold Inc. has a 52-week low of $6.71 and a 52-week high of $21.17. The company has a market capitalization of $3.20 billion, a PE ratio of 5.22, a P/E/G ratio of 0.79 and a beta of 0.81. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%. Analysts predict that Centerra Gold Inc. will post 1.78 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. Centerra Gold’s dividend payout ratio (DPR) is 6.77%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CGAU. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Wall Street Zen upgraded Centerra Gold from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a report on Tuesday. Finally, Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.67.

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.