Jupiter Asset Management Ltd. Increases Stock Position in Centerra Gold Inc. $CGAU

Jupiter Asset Management Ltd. grew its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 135.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,191 shares of the company’s stock after purchasing an additional 241,355 shares during the period. Jupiter Asset Management Ltd.’s holdings in Centerra Gold were worth $3,014,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. bought a new position in Centerra Gold during the second quarter valued at approximately $105,000. Acadian Asset Management LLC raised its holdings in shares of Centerra Gold by 26.2% during the 2nd quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company’s stock worth $61,027,000 after acquiring an additional 1,761,904 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of Centerra Gold by 13.7% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 200,430 shares of the company’s stock valued at $1,445,000 after acquiring an additional 24,226 shares during the last quarter. Savant Capital LLC purchased a new position in shares of Centerra Gold in the second quarter valued at $130,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Centerra Gold by 254.1% in the second quarter. Y Intercept Hong Kong Ltd now owns 298,439 shares of the company’s stock valued at $2,152,000 after purchasing an additional 214,163 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CGAU shares. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Weiss Ratings upgraded shares of Centerra Gold from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, November 7th. Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Thursday, October 23rd. Wall Street Zen upgraded Centerra Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.17.

Centerra Gold Price Performance

Centerra Gold stock opened at $12.15 on Friday. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $12.80. The company has a current ratio of 2.89, a quick ratio of 2.59 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $10.82 and a 200-day moving average price of $8.46. The firm has a market capitalization of $2.45 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.62 and a beta of 0.89.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The company had revenue of $395.20 million for the quarter, compared to the consensus estimate of $314.74 million. As a group, equities research analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 11.59%.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.