Centerra Gold Inc. $CGAU Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lowered its holdings in Centerra Gold Inc. (NYSE:CGAU) by 39.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 438,452 shares of the company’s stock after selling 283,469 shares during the quarter. Centerra Gold comprises 0.9% of U S Global Investors Inc.’s investment portfolio, making the stock its 29th biggest holding. U S Global Investors Inc.’s holdings in Centerra Gold were worth $7,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Burkett Financial Services LLC purchased a new stake in Centerra Gold during the third quarter worth approximately $30,000. Osaic Holdings Inc. increased its stake in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after purchasing an additional 1,839 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Centerra Gold during the fourth quarter worth approximately $36,000. Leonteq Securities AG acquired a new stake in Centerra Gold during the fourth quarter worth approximately $72,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Centerra Gold during the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Performance

NYSE CGAU traded up $0.02 on Friday, reaching $16.23. The stock had a trading volume of 1,489,937 shares, compared to its average volume of 1,528,338. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. Centerra Gold Inc. has a 12-month low of $6.71 and a 12-month high of $21.17. The business’s 50-day moving average price is $16.73 and its 200 day moving average price is $17.38. The stock has a market cap of $3.21 billion, a P/E ratio of 5.24, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $484.70 million during the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%. As a group, equities analysts expect that Centerra Gold Inc. will post 1.61 earnings per share for the current year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.07 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.7%. Centerra Gold’s dividend payout ratio is 6.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CGAU shares. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Zacks Research cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Centerra Gold from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Centerra Gold presently has an average rating of “Moderate Buy” and an average target price of $16.67.

About Centerra Gold

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.