Edmond DE Rothschild Holding S.A. Takes Position in Centerra Gold Inc. $CGAU

Edmond DE Rothschild Holding S.A. bought a new position in shares of Centerra Gold Inc. (NYSE:CGAU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 500,000 shares of the company’s stock, valued at approximately $7,899,000. Edmond DE Rothschild Holding S.A. owned approximately 0.25% of Centerra Gold at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CGAU. Donald Smith & CO. Inc. increased its stake in Centerra Gold by 21.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 14,158,116 shares of the company’s stock worth $203,452,000 after acquiring an additional 2,535,492 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 lifted its stake in Centerra Gold by 0.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 8,314,250 shares of the company’s stock worth $147,899,000 after purchasing an additional 39,315 shares during the last quarter. Van ECK Associates Corp lifted its stake in Centerra Gold by 15.3% in the fourth quarter. Van ECK Associates Corp now owns 6,536,157 shares of the company’s stock worth $93,929,000 after purchasing an additional 866,977 shares during the last quarter. Finally, Man Group plc boosted its position in shares of Centerra Gold by 9.7% during the second quarter. Man Group plc now owns 3,649,899 shares of the company’s stock valued at $26,241,000 after buying an additional 323,860 shares during the period. 55.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CGAU has been the topic of a number of analyst reports. Weiss Ratings cut Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note 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. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Centerra Gold Stock Performance

Centerra Gold stock opened at $22.62 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42. The company has a market capitalization of $4.44 billion, a PE ratio of 7.23, a P/E/G ratio of 0.79 and a beta of 0.80. The company has a 50 day moving average price of $17.44 and a 200-day moving average price of $17.81. Centerra Gold Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $23.14.

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

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Centerra Gold’s dividend payout ratio is currently 6.71%.

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.