Quantbot Technologies LP Has $3.71 Million Position in Centerra Gold Inc. $CGAU

Quantbot Technologies LP grew its holdings in Centerra Gold Inc. (NYSE:CGAU) by 194.2% in the third quarter, Holdings Channel.com reports. The firm owned 345,831 shares of the company’s stock after purchasing an additional 228,264 shares during the period. Quantbot Technologies LP’s holdings in Centerra Gold were worth $3,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CGAU. CWM LLC raised its position in Centerra Gold by 6.9% during the third quarter. CWM LLC now owns 15,480 shares of the company’s stock valued at $166,000 after buying an additional 1,000 shares during the period. Osaic Holdings Inc. grew its stake in 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. Russell Investments Group Ltd. increased its holdings in shares of Centerra Gold by 0.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 702,035 shares of the company’s stock valued at $5,045,000 after purchasing an additional 2,047 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Centerra Gold by 1,106.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock valued at $33,000 after purchasing an additional 2,733 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of Centerra Gold by 16.2% in the second quarter. Northwest & Ethical Investments L.P. now owns 22,648 shares of the company’s stock worth $163,000 after purchasing an additional 3,160 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

CGAU stock opened at $21.07 on Monday. The company has a quick ratio of 1.65, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 1.04 and a beta of 0.83. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $21.11. The firm has a 50 day moving average of $17.16 and a two-hundred day moving average of $13.12.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. The business had revenue of $401.60 million for the quarter, compared to the consensus estimate of $355.39 million. As a group, equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Centerra Gold’s payout ratio is currently 7.04%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Wall Street Zen lowered shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Scotiabank upped their price target on shares of Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.