Centerra Gold Inc. $CGAU Shares Sold by Knoll Capital Management LLC

Knoll Capital Management LLC cut its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 59.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 497,402 shares of the company’s stock after selling 730,461 shares during the quarter. Centerra Gold comprises approximately 2.9% of Knoll Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Knoll Capital Management LLC owned 0.25% of Centerra Gold worth $5,337,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Centerra Gold by 32.7% during the 3rd quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock worth $57,631,000 after acquiring an additional 1,324,448 shares during the period. TD Asset Management Inc increased its holdings in shares of Centerra Gold by 12.2% in the third quarter. TD Asset Management Inc now owns 1,489,163 shares of the company’s stock valued at $15,958,000 after purchasing an additional 161,542 shares during the period. Legal & General Group Plc increased its holdings in shares of Centerra Gold by 25.1% in the second quarter. Legal & General Group Plc now owns 818,429 shares of the company’s stock valued at $5,884,000 after purchasing an additional 164,238 shares during the period. Waratah Capital Advisors Ltd. raised its stake in shares of Centerra Gold by 4.1% in the third quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock worth $74,621,000 after purchasing an additional 275,510 shares during the last quarter. Finally, Intact Investment Management Inc. raised its stake in shares of Centerra Gold by 41.5% in the third quarter. Intact Investment Management Inc. now owns 567,900 shares of the company’s stock worth $6,085,000 after purchasing an additional 166,500 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $18.30 on Tuesday. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $21.17. 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 stock has a market cap of $3.66 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The business has a 50-day simple moving average of $18.10 and a 200-day simple moving average of $14.01.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, February 19th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $401.60 million for the quarter, compared to analyst estimates of $355.39 million. Centerra Gold had a return on equity of 12.42% and a net margin of 42.18%. On average, equities analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed 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. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, March 12th. Centerra Gold’s dividend payout ratio is currently 7.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Scotiabank upped their target price on Centerra Gold from $13.50 to $19.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. One 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 data from MarketBeat, Centerra Gold has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Centerra Gold Company 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.