Centerra Gold Inc. $CGAU is Extract Advisors LLC’s 7th Largest Position

Extract Advisors LLC decreased its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 545,600 shares of the company’s stock after selling 60,000 shares during the quarter. Centerra Gold makes up 3.4% of Extract Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Extract Advisors LLC owned approximately 0.27% of Centerra Gold worth $9,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Donald Smith & CO. Inc. lifted its stake in Centerra Gold by 21.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 14,158,116 shares of the company’s stock worth $203,452,000 after acquiring an additional 2,535,492 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Centerra Gold by 57.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after purchasing an additional 4,853,494 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Centerra Gold by 0.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,314,250 shares of the company’s stock valued at $147,899,000 after buying an additional 39,315 shares during the last quarter. Van ECK Associates Corp raised its stake in Centerra Gold by 15.3% in the fourth quarter. Van ECK Associates Corp now owns 6,536,157 shares of the company’s stock valued at $93,929,000 after buying an additional 866,977 shares in the last quarter. Finally, Man Group plc lifted its holdings in Centerra Gold by 9.7% during the 2nd quarter. Man Group plc now owns 3,649,899 shares of the company’s stock worth $26,241,000 after buying an additional 323,860 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CGAU shares. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Centerra Gold Trading Up 1.7%

NYSE:CGAU opened at $16.46 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $16.28 and its 200-day simple moving average is $17.48. Centerra Gold Inc. has a 12-month low of $6.71 and a 12-month high of $21.17. The firm has a market cap of $3.26 billion, a P/E ratio of 5.31, a PEG ratio of 0.61 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last released its earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. Equities analysts anticipate that Centerra Gold Inc. will post 1.61 EPS for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.07 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. Centerra Gold’s dividend payout ratio (DPR) 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.