Sanctuary Advisors LLC Buys Shares of 31,720 Centerra Gold Inc. $CGAU

Sanctuary Advisors LLC acquired a new position in shares of Centerra Gold Inc. (NYSE:CGAU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,720 shares of the company’s stock, valued at approximately $503,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Centerra Gold during the 1st quarter valued at about $192,000. Dynamic Technology Lab Private Ltd acquired a new position in Centerra Gold during the first quarter worth $97,000. Goldman Sachs Group Inc. boosted its stake in shares of Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after buying an additional 4,853,494 shares during the last quarter. Empowered Funds LLC acquired a new position in Centerra Gold during the first quarter valued at approximately $218,000. Finally, Geode Capital Management LLC grew its stake in shares of Centerra Gold by 20.3% in the second quarter. Geode Capital Management LLC now owns 767,536 shares of the company’s stock valued at $5,534,000 after buying an additional 129,737 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Performance

Centerra Gold stock opened at $23.48 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 1.49. Centerra Gold Inc. has a 1 year low of $7.84 and a 1 year high of $24.52. The business has a 50 day moving average of $18.43 and a 200-day moving average of $18.13. The company has a market capitalization of $4.61 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.88 and a beta of 0.80.

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

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.28 annualized dividend and a yield of 1.2%. Centerra Gold’s dividend payout ratio (DPR) is presently 6.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings cut Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of 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 research note on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

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.