Centerra Gold Inc. $CGAU Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. lessened its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 75.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,828 shares of the company’s stock after selling 288,544 shares during the period. Cibc World Market Inc.’s holdings in Centerra Gold were worth $1,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGAU. Cubist Systematic Strategies LLC acquired a new position in Centerra Gold during the 1st quarter worth approximately $192,000. Dynamic Technology Lab Private Ltd acquired a new position in Centerra Gold during the 1st quarter worth approximately $97,000. Goldman Sachs Group Inc. grew its holdings 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 acquiring an additional 4,853,494 shares in the last quarter. Empowered Funds LLC acquired a new position in Centerra Gold during the 1st quarter worth approximately $218,000. Finally, Geode Capital Management LLC grew its holdings in Centerra Gold by 20.3% during the 2nd quarter. Geode Capital Management LLC now owns 767,536 shares of the company’s stock worth $5,534,000 after acquiring an additional 129,737 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Trading Down 1.1%

Shares of Centerra Gold stock opened at $15.41 on Wednesday. The company has a fifty day simple moving average of $17.88 and a 200-day simple moving average of $16.93. Centerra Gold Inc. has a 12-month low of $6.71 and a 12-month high of $21.17. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 0.74 and a beta of 0.79.

Centerra Gold (NYSE:CGAU) last issued its earnings results 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. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The business had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $373.47 million. On average, equities analysts forecast that Centerra Gold Inc. will post 1.79 EPS for the current fiscal year.

Centerra Gold Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Scotiabank boosted their price target 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. Zacks Research cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen cut shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Centerra Gold presently has an average rating of “Moderate Buy” and an average target price of $16.67.

About Centerra Gold

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.