Centerra Gold Inc. $CGAU Shares Bought by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 82.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 696,739 shares of the company’s stock after purchasing an additional 315,182 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Centerra Gold were worth $15,228,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Precision Wealth Strategies LLC acquired a new position in Centerra Gold in the first quarter valued at approximately $1,988,000. Heartland Advisors Inc. purchased a new stake in Centerra Gold in the 2nd quarter worth approximately $34,082,000. Walleye Capital LLC purchased a new stake in Centerra Gold in the 1st quarter worth approximately $1,226,000. Donald Smith & CO. Inc. acquired a new stake in shares of Centerra Gold during the 2nd quarter worth approximately $245,004,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Centerra Gold during the 2nd quarter worth approximately $1,035,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Down 2.9%

CGAU stock traded down $0.66 during mid-day trading on Tuesday, hitting $21.84. 1,607,382 shares of the company were exchanged, compared to its average volume of 1,743,275. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $4.27 billion, a P/E ratio of 6.98, a PEG ratio of 0.86 and a beta of 0.84. The business has a fifty day simple moving average of $22.24 and a 200-day simple moving average of $18.95. Centerra Gold Inc. has a 12-month low of $10.46 and a 12-month high of $24.52.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. The business had revenue of $442.71 million for the quarter, compared to the consensus estimate of $394.27 million. On average, equities research analysts predict that Centerra Gold Inc. will post 1.60 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a C$0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, August 19th. Centerra Gold’s dividend payout ratio (DPR) is 6.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CGAU shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Thursday, July 30th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, August 4th. Zacks Research cut shares of Centerra Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Wall Street Zen cut Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded Centerra Gold from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Centerra Gold Profile

Centerra Gold Inc is a Canadian-based, intermediate gold and copper producer headquartered in Toronto, Ontario. The company explores, develops and operates precious- and base-metal properties, with a focus on responsible mining and the production of gold and copper concentrates and doré.

Centerra’s principal operating assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. Mount Milligan produces copper and gold concentrate, while Öksüt is an open-pit, heap-leach operation that produces gold doré.