Kingsview Wealth Management LLC Makes New $443,000 Investment in Centerra Gold Inc. $CGAU

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

Several other hedge funds have also bought and sold shares of CGAU. Burkett Financial Services LLC raised its position in shares of Centerra Gold by 27.5% during the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock valued at $51,000 after buying an additional 769 shares in the last quarter. CWM LLC raised its position in shares of Centerra Gold by 5.3% during the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after buying an additional 820 shares in the last quarter. Osaic Holdings Inc. raised its position 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 valued at $34,000 after buying an additional 1,839 shares in the last quarter. Global Retirement Partners LLC bought a new position in Centerra Gold during the 4th quarter valued at about $36,000. Finally, Baron Wealth Management LLC grew its holdings in Centerra Gold by 10.8% during the 4th quarter. Baron Wealth Management LLC now owns 25,981 shares of the company’s stock valued at $373,000 after purchasing an additional 2,542 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Shares of CGAU 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 company has a market capitalization of $3.32 billion, a P/E ratio of 5.40, a P/E/G ratio of 0.83 and a beta of 0.79. The company’s 50-day simple moving average is $17.95 and its two-hundred day simple moving average is $16.82. Centerra Gold Inc. has a one year low of $6.71 and a one year high of $21.17.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. As a group, equities analysts anticipate that Centerra Gold Inc. will post 1.79 EPS for the current year.

Centerra Gold Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Scotiabank upped their price target on shares of Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Wall Street Zen downgraded shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a report on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

About Centerra Gold

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.