Savant Capital LLC Purchases New Shares in Centerra Gold Inc. $CGAU

Savant Capital LLC purchased a new position in Centerra Gold Inc. (NYSE:CGAU) during the second quarter, Holdings Channel.com reports. The firm purchased 18,021 shares of the company’s stock, valued at approximately $130,000.

A number of other hedge funds also recently bought and sold shares of CGAU. Farther Finance Advisors LLC acquired a new position in shares of Centerra Gold in the second quarter worth about $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Centerra Gold during the first quarter valued at approximately $39,000. Carrera Capital Advisors acquired a new stake in shares of Centerra Gold during the second quarter valued at approximately $81,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Centerra Gold in the 1st quarter valued at approximately $97,000. Finally, CWM LLC boosted its stake in Centerra Gold by 15.6% in the 2nd quarter. CWM LLC now owns 14,480 shares of the company’s stock worth $104,000 after purchasing an additional 1,955 shares during the period. 55.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CGAU has been the topic of several research analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Wednesday. Wall Street Zen upgraded Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. BMO Capital Markets reissued a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Finally, Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Centerra Gold Trading Down 4.6%

Centerra Gold stock opened at $11.47 on Friday. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $12.80. The company has a quick ratio of 2.59, a current ratio of 2.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.31 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.62 and a beta of 0.89. The company’s fifty day simple moving average is $11.12 and its 200-day simple moving average is $8.65.

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

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.4%. Centerra Gold’s dividend payout ratio (DPR) is 11.59%.

Centerra Gold 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.