Carrera Capital Advisors Makes New Investment in Centerra Gold Inc. $CGAU

Carrera Capital Advisors bought a new stake in Centerra Gold Inc. (NYSE:CGAU) in the second quarter, Holdings Channel.com reports. The firm bought 11,209 shares of the company’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Centerra Gold in the 2nd quarter worth approximately $27,000. Pinnacle Holdings LLC purchased a new position in Centerra Gold during the first quarter worth approximately $39,000. Dynamic Technology Lab Private Ltd acquired a new position in Centerra Gold during the first quarter worth $97,000. CWM LLC grew its holdings in Centerra Gold by 15.6% in the 2nd quarter. CWM LLC now owns 14,480 shares of the company’s stock valued at $104,000 after buying an additional 1,955 shares in the last quarter. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Centerra Gold in the 2nd quarter worth $111,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CGAU has been the subject of a number of analyst reports. CIBC reissued an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 15th. BMO Capital Markets reissued a “market perform” rating on shares of Centerra Gold in a research note on Monday, September 15th. Raymond James Financial downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Friday, October 10th. Royal Bank Of Canada cut Centerra Gold from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $13.00 to $14.00 in a report on Wednesday, September 10th. Finally, Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Centerra Gold Price Performance

NYSE CGAU opened at $11.14 on Friday. The firm’s fifty day moving average price is $9.77 and its 200 day moving average price is $7.98. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $12.80. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 0.72 and a beta of 0.88.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. The company had revenue of $288.30 million during the quarter, compared to the consensus estimate of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. As a group, sell-side analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, August 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 60.61%.

Centerra Gold Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.