Spark Investment Management LLC Takes $590,000 Position in Centerra Gold Inc. $CGAU

Spark Investment Management LLC purchased a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 41,000 shares of the company’s stock, valued at approximately $590,000. Centerra Gold makes up 1.5% of Spark Investment Management LLC’s investment portfolio, making the stock its 18th largest position.

Other hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of Centerra Gold during the 4th quarter valued at $36,000. Burkett Financial Services LLC purchased a new position in shares of Centerra Gold during the 3rd quarter valued at $30,000. Osaic Holdings Inc. grew its position 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 purchasing an additional 1,839 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Centerra Gold during the 4th quarter valued at $72,000. Finally, State of Wyoming purchased a new position in shares of Centerra Gold during the 3rd quarter valued at $90,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Centerra Gold Stock Performance

NYSE CGAU opened at $15.28 on Monday. Centerra Gold Inc. has a 52-week low of $6.71 and a 52-week high of $21.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. The company has a market capitalization of $3.03 billion, a P/E ratio of 4.93, a P/E/G ratio of 0.73 and a beta of 0.79. The company has a fifty day moving average of $17.92 and a 200-day moving average of $16.88.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The company had revenue of $484.70 million during the quarter, compared to the consensus estimate of $373.47 million. As a group, equities research analysts predict that Centerra Gold Inc. will post 1.79 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s payout ratio is currently 6.77%.

Analysts Set New Price Targets

CGAU has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Scotiabank lifted their price objective on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Finally, Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and an average target price 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.