Goldman Sachs Group Inc. Has $115.87 Million Stock Holdings in Centerra Gold Inc. $CGAU

Goldman Sachs Group Inc. lessened its holdings in Centerra Gold Inc. (NYSE:CGAU) by 18.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,063,254 shares of the company’s stock after selling 1,834,050 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Centerra Gold were worth $115,869,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in Centerra Gold by 183.6% in the fourth quarter. BNP Paribas Financial Markets now owns 540,483 shares of the company’s stock worth $7,767,000 after purchasing an additional 349,936 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in Centerra Gold by 62.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,513,875 shares of the company’s stock worth $50,678,000 after purchasing an additional 1,356,660 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Centerra Gold by 4.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 427,969 shares of the company’s stock worth $6,169,000 after purchasing an additional 16,355 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Centerra Gold in the fourth quarter worth about $443,000. Finally, Geode Capital Management LLC raised its position in Centerra Gold by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 142,845 shares of the company’s stock worth $2,100,000 after purchasing an additional 16,631 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Price Performance

CGAU opened at $15.61 on Tuesday. 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 50 day simple moving average is $17.91 and its 200-day simple moving average is $16.90. The stock has a market capitalization of $3.10 billion, a P/E ratio of 5.03, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The business had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $373.47 million. Sell-side analysts anticipate that Centerra Gold Inc. will post 1.79 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

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

Analyst Ratings Changes

CGAU has been the topic of several research analyst reports. Zacks Research cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Scotiabank upped their price objective on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Finally, Wall Street Zen cut shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Centerra Gold presently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

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.