TD Asset Management Inc Sells 718,386 Shares of Centerra Gold Inc. $CGAU

TD Asset Management Inc decreased its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 48.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 770,777 shares of the company’s stock after selling 718,386 shares during the quarter. TD Asset Management Inc’s holdings in Centerra Gold were worth $11,111,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC bought a new position in shares of Centerra Gold during the 3rd quarter worth about $30,000. Osaic Holdings Inc. increased its holdings in shares of Centerra Gold by 63.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after purchasing an additional 1,839 shares during the period. Global Retirement Partners LLC bought a new position in shares of Centerra Gold during the 4th quarter worth about $36,000. Leonteq Securities AG bought a new position in shares of Centerra Gold during the 4th quarter worth about $72,000. Finally, State of Wyoming bought a new position in shares of Centerra Gold during the 3rd quarter worth about $90,000. Institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CGAU. Wall Street Zen downgraded shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Scotiabank lifted their target price on shares of Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.67.

Centerra Gold Price Performance

NYSE:CGAU opened at $15.61 on Tuesday. The firm has a market cap of $3.10 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. Centerra Gold Inc. has a 12 month low of $6.71 and a 12 month high of $21.17. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $17.91 and its two-hundred day moving average price is $16.90.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $484.70 million for the quarter, compared to analyst estimates of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. On average, equities analysts anticipate that Centerra Gold Inc. will post 1.79 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.07 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. Centerra Gold’s payout ratio is 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.