Quantbot Technologies LP Buys New Shares in Centerra Gold Inc. $CGAU

Quantbot Technologies LP bought a new position in shares of Centerra Gold Inc. (NYSE:CGAU) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 65,249 shares of the company’s stock, valued at approximately $1,035,000.

Several other large investors have also recently bought and sold shares of the stock. Precision Wealth Strategies LLC bought a new stake in Centerra Gold during the first quarter worth $1,988,000. Walleye Capital LLC bought a new position in shares of Centerra Gold in the 1st quarter valued at about $1,226,000. Public Employees Retirement System of Ohio grew its position in shares of Centerra Gold by 14.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 869,098 shares of the company’s stock valued at $15,372,000 after acquiring an additional 106,527 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of Centerra Gold during the 2nd quarter worth about $245,004,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Centerra Gold during the 2nd quarter worth about $1,005,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Trading Down 2.0%

CGAU stock opened at $23.69 on Thursday. Centerra Gold Inc. has a one year low of $7.68 and a one year high of $24.32. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.90 and a beta of 0.80. The company has a fifty day moving average price of $18.14 and a two-hundred day moving average price of $18.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 1.49.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $442.71 million for the quarter, compared to analyst estimates of $394.27 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. Equities analysts anticipate that Centerra Gold Inc. will post 1.63 EPS for the current year.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Centerra Gold’s dividend payout ratio is 6.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CGAU shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a research note on Thursday, July 30th. Weiss Ratings downgraded Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Centerra Gold Company 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.