Walleye Capital LLC Invests $1.23 Million in Centerra Gold Inc. $CGAU

Walleye Capital LLC bought a new position in Centerra Gold Inc. (NYSE:CGAU) during the 1st quarter, Holdings Channel reports. The institutional investor bought 68,920 shares of the company’s stock, valued at approximately $1,226,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its position in Centerra Gold by 21.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 14,158,116 shares of the company’s stock valued at $203,452,000 after acquiring an additional 2,535,492 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Centerra Gold by 57.2% in the 1st 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 during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Centerra Gold by 7.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,274,935 shares of the company’s stock worth $119,058,000 after purchasing an additional 549,491 shares during the period. Van ECK Associates Corp lifted its stake in shares of Centerra Gold by 15.3% in the 4th quarter. Van ECK Associates Corp now owns 6,536,157 shares of the company’s stock valued at $93,929,000 after purchasing an additional 866,977 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of Centerra Gold by 9.7% in the 2nd quarter. Man Group plc now owns 3,649,899 shares of the company’s stock valued at $26,241,000 after purchasing an additional 323,860 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Down 0.5%

Shares of NYSE CGAU opened at $16.21 on Friday. The stock has a fifty day moving average price of $16.29 and a 200 day moving average price of $17.46. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. Centerra Gold Inc. has a 12-month low of $6.71 and a 12-month high of $21.17. The company has a market cap of $3.21 billion, a P/E ratio of 5.23, a P/E/G ratio of 0.62 and a beta of 0.81.

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

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.7%. Centerra Gold’s payout ratio is 6.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CGAU shares. Wall Street Zen cut Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

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.