Versor Investments LP Makes New $554,000 Investment in Centerra Gold Inc. $CGAU

Versor Investments LP purchased a new position in shares of Centerra Gold Inc. (NYSE:CGAU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,500 shares of the company’s stock, valued at approximately $554,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new stake in Centerra Gold during the third quarter worth $30,000. TD Waterhouse Canada Inc. raised its position in Centerra Gold by 1,106.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock worth $33,000 after acquiring an additional 2,733 shares in the last quarter. Osaic Holdings Inc. raised its position in Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after acquiring an additional 1,839 shares in the last quarter. State of Wyoming bought a new stake in Centerra Gold during the third quarter worth $90,000. Finally, Numerai GP LLC bought a new stake in Centerra Gold during the third quarter worth $108,000. 55.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CGAU shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Wall Street Zen lowered shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

Centerra Gold Price Performance

NYSE:CGAU opened at $18.85 on Thursday. Centerra Gold Inc. has a 52 week low of $6.35 and a 52 week high of $21.17. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 0.90 and a beta of 0.80. The firm’s 50-day simple moving average is $18.28 and its 200 day simple moving average is $16.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The business had revenue of $484.70 million for the quarter, compared to analyst estimates of $373.47 million. As a group, sell-side analysts predict that Centerra Gold Inc. will post 1.79 earnings per share for the current year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 6.77%.

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.