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

TD Asset Management Inc lowered its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 48.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 770,777 shares of the company’s stock after selling 718,386 shares during the quarter. TD Asset Management Inc owned about 0.39% of Centerra Gold worth $11,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CGAU. Burkett Financial Services LLC bought a new position in shares of Centerra Gold during the 3rd quarter valued at $30,000. Osaic Holdings Inc. raised 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 valued at $34,000 after purchasing an additional 1,839 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Centerra Gold during the 4th quarter valued at $36,000. Leonteq Securities AG bought a new position in shares of Centerra Gold during the 4th quarter valued at $72,000. Finally, State of Wyoming bought a new position in shares of Centerra Gold during the 3rd quarter valued at $90,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Shares of CGAU opened at $15.61 on Tuesday. The company has a market capitalization 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 one year low of $6.71 and a one year high of $21.17. 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’s fifty day moving average price is $17.91 and its 200 day moving average price is $16.90.

Centerra Gold (NYSE:CGAU) last announced 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 firm had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. As a group, analysts expect that Centerra Gold Inc. will post 1.79 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Centerra Gold’s payout ratio is presently 6.77%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated 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. Scotiabank raised 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. Finally, Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus target price of $16.67.

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.