Centerra Gold Inc. $CGAU is Waratah Capital Advisors Ltd.’s 4th Largest Position

Waratah Capital Advisors Ltd. lifted its position in Centerra Gold Inc. (NYSE:CGAU) by 29.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,678,897 shares of the company’s stock after purchasing an additional 1,537,692 shares during the period. Centerra Gold comprises 1.3% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 4th largest holding. Waratah Capital Advisors Ltd. owned approximately 3.27% of Centerra Gold worth $48,155,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CGAU. Invesco Ltd. raised its position in shares of Centerra Gold by 37.5% during the first quarter. Invesco Ltd. now owns 2,180,721 shares of the company’s stock valued at $13,848,000 after buying an additional 594,674 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Centerra Gold during the second quarter valued at $1,196,000. Deutsche Bank AG increased its holdings in Centerra Gold by 1,792.9% in the 1st quarter. Deutsche Bank AG now owns 439,501 shares of the company’s stock valued at $2,791,000 after acquiring an additional 416,283 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Centerra Gold by 4.7% in the 1st quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock worth $351,000 after purchasing an additional 2,499 shares in the last quarter. Finally, AMH Equity Ltd bought a new position in shares of Centerra Gold during the 1st quarter valued at about $902,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analysts Set New Price Targets

CGAU has been the topic of a number of research analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a research report on Thursday, October 30th. Wall Street Zen raised Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.17.

Centerra Gold Stock Performance

NYSE:CGAU opened at $12.08 on Friday. The firm has a market capitalization of $2.44 billion, a PE ratio of 7.37, a PEG ratio of 0.62 and a beta of 0.89. The stock’s fifty day moving average is $10.89 and its 200 day moving average is $8.51. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $12.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 2.89.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The company had revenue of $395.20 million during the quarter, compared to analyst estimates of $314.74 million. On average, sell-side analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 13th. Centerra Gold’s dividend payout ratio is 11.59%.

Centerra Gold Company 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.