Kingsview Wealth Management LLC Buys Shares of 30,862 Centerra Gold Inc. $CGAU

Kingsview Wealth Management LLC bought a new stake in Centerra Gold Inc. (NYSE:CGAU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 30,862 shares of the company’s stock, valued at approximately $443,000.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Centerra Gold in the fourth quarter valued at approximately $36,000. Burkett Financial Services LLC acquired a new stake in Centerra Gold in the third quarter valued at approximately $30,000. TD Waterhouse Canada Inc. boosted its stake in Centerra Gold by 1,106.5% in the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock valued at $33,000 after acquiring an additional 2,733 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Centerra Gold by 63.0% in the second 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. Finally, Leonteq Securities AG acquired a new stake in Centerra Gold in the fourth quarter valued at approximately $72,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Trading Down 3.9%

Shares of Centerra Gold stock opened at $16.75 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.60. The firm has a fifty day moving average price of $17.95 and a 200 day moving average price of $16.82. Centerra Gold Inc. has a 1 year low of $6.71 and a 1 year high of $21.17. The stock has a market cap of $3.32 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.83 and a beta of 0.79.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The firm had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $373.47 million. Equities research analysts predict that Centerra Gold Inc. will post 1.79 earnings per share for the current year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is 6.77%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CGAU. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Wall Street Zen cut shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Zacks Research cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Scotiabank raised their price target on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Six 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

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.