Northwest & Ethical Investments L.P. Buys 4,398 Shares of Centerra Gold Inc. $CGAU

Northwest & Ethical Investments L.P. boosted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 29.1% during the first quarter, Holdings Channel reports. The fund owned 19,488 shares of the company’s stock after acquiring an additional 4,398 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Centerra Gold were worth $124,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Pinnacle Holdings LLC bought a new position in shares of Centerra Gold in the 1st quarter valued at about $39,000. Vise Technologies Inc. bought a new position in shares of Centerra Gold in the 4th quarter valued at about $58,000. OMERS ADMINISTRATION Corp bought a new position in shares of Centerra Gold in the 4th quarter valued at about $79,000. Aquatic Capital Management LLC bought a new position in shares of Centerra Gold in the 4th quarter valued at about $82,000. Finally, Capstone Investment Advisors LLC boosted its stake in shares of Centerra Gold by 34.2% in the 4th quarter. Capstone Investment Advisors LLC now owns 16,712 shares of the company’s stock valued at $95,000 after purchasing an additional 4,263 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Centerra Gold stock opened at $7.2650 on Thursday. The company’s 50 day simple moving average is $7.21 and its 200 day simple moving average is $6.75. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 0.54 and a beta of 0.80.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The business had revenue of $288.30 million for the quarter, compared to analyst estimates of $319.42 million. As a group, analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, August 21st. Centerra Gold’s dividend payout ratio (DPR) is 60.61%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CGAU shares. BMO Capital Markets lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 8th. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Cibc World Mkts raised shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 27th. Wall Street Zen raised shares of Centerra Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, CIBC reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.00.

About Centerra Gold

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.