916,876 Shares in Centerra Gold Inc. $CGAU Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Centerra Gold Inc. (NYSE:CGAU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 916,876 shares of the company’s stock, valued at approximately $14,535,000. Public Employees Retirement System of Ohio owned 0.47% of Centerra Gold at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGAU. Janney Montgomery Scott LLC lifted its stake in shares of Centerra Gold by 2.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock valued at $357,000 after buying an additional 575 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Centerra Gold by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock worth $531,000 after acquiring an additional 747 shares in the last quarter. CWM LLC raised its holdings in shares of Centerra Gold by 5.3% in the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after acquiring an additional 820 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Centerra Gold by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock worth $693,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Baron Wealth Management LLC lifted its position in Centerra Gold by 6.2% in the 1st quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock valued at $491,000 after acquiring an additional 1,621 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $23.48 on Monday. The firm has a 50-day moving average of $18.43 and a 200-day moving average of $18.13. The company has a market cap of $4.61 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 1.49. Centerra Gold Inc. has a one year low of $7.84 and a one year high of $24.52.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. The business had revenue of $442.71 million for the quarter, compared to analysts’ expectations of $394.27 million. Equities research analysts forecast that Centerra Gold Inc. will post 1.63 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Centerra Gold’s dividend payout ratio (DPR) is currently 6.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CGAU shares. Weiss Ratings downgraded Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research note on Thursday, July 30th. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Centerra Gold 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.