Man Group plc Invests $1.30 Million in Centerra Gold Inc. $CGAU

Man Group plc purchased a new position in shares of Centerra Gold Inc. (NYSE:CGAU) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 82,242 shares of the company’s stock, valued at approximately $1,304,000.

Several other institutional investors have also recently bought and sold shares of CGAU. Precision Wealth Strategies LLC acquired a new stake in Centerra Gold in the 1st quarter valued at about $1,988,000. Walleye Capital LLC acquired a new position in shares of Centerra Gold during the first quarter worth approximately $1,226,000. Public Employees Retirement System of Ohio grew its stake in shares of Centerra Gold by 14.0% during the first quarter. Public Employees Retirement System of Ohio now owns 869,098 shares of the company’s stock valued at $15,372,000 after purchasing an additional 106,527 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Centerra Gold in the second quarter valued at approximately $34,082,000. Finally, Donald Smith & CO. Inc. acquired a new stake in shares of Centerra Gold in the second quarter valued at approximately $245,004,000. Institutional investors own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CGAU. Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a research report on Thursday, July 30th. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings upgraded Centerra Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.50.

Centerra Gold Price Performance

Shares of CGAU stock opened at $22.26 on Thursday. The firm’s 50 day moving average price is $18.80 and its two-hundred day moving average price is $18.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42. Centerra Gold Inc. has a 52-week low of $8.25 and a 52-week high of $24.52. The stock has a market cap of $4.35 billion, a PE ratio of 7.11, a PEG ratio of 0.81 and a beta of 0.86.

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

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.28 annualized dividend and a yield of 1.3%. Centerra Gold’s dividend payout ratio is presently 6.39%.

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.