Groupe la Francaise Raises Position in Centerra Gold Inc. $CGAU

Groupe la Francaise boosted its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 890,000 shares of the company’s stock after buying an additional 30,000 shares during the period. Groupe la Francaise’s holdings in Centerra Gold were worth $14,119,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Donald Smith & CO. Inc. bought a new position in shares of Centerra Gold in the second quarter worth approximately $245,004,000. Goldman Sachs Group Inc. grew its position in Centerra Gold by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after acquiring an additional 4,853,494 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 valued at $147,899,000 after acquiring an additional 39,315 shares during the last quarter. Van ECK Associates Corp raised its position in Centerra Gold by 15.3% during the fourth quarter. Van ECK Associates Corp now owns 6,536,157 shares of the company’s stock valued at $93,929,000 after purchasing an additional 866,977 shares in the last quarter. Finally, Man Group plc raised its position in 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 purchasing an additional 323,860 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Centerra Gold stock opened at $22.93 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $4.48 billion, a PE ratio of 7.33, a P/E/G ratio of 0.86 and a beta of 0.86. The firm has a fifty day simple moving average of $19.08 and a two-hundred day simple moving average of $18.26. Centerra Gold Inc. has a twelve month low of $8.35 and a twelve month high of $24.52.

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, beating analysts’ consensus estimates of $0.38 by $0.01. The firm 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%. Research analysts expect that Centerra Gold Inc. will post 1.63 EPS for the current year.

Centerra Gold Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on CGAU. Wall Street Zen cut Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised Centerra Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 31st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a research report on Thursday, July 30th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

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.