Precision Wealth Strategies LLC Purchases New Position in Centerra Gold Inc. $CGAU

Precision Wealth Strategies LLC purchased a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 111,765 shares of the company’s stock, valued at approximately $1,988,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CGAU. Osaic Holdings Inc. boosted its position in shares of Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after buying an additional 1,839 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Centerra Gold in the 4th quarter valued at $36,000. Leonteq Securities AG purchased a new stake in Centerra Gold in the 4th quarter valued at $72,000. Dynamic Technology Lab Private Ltd bought a new position in Centerra Gold during the 1st quarter valued at $97,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Centerra Gold during the 4th quarter valued at $100,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at $15.09 on Friday. The business’s fifty day simple moving average is $16.53 and its 200 day simple moving average is $17.40. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. Centerra Gold Inc. has a 12 month low of $6.71 and a 12 month high of $21.17. The firm has a market capitalization of $2.99 billion, a P/E ratio of 4.87, a price-to-earnings-growth ratio of 0.57 and a beta of 0.81.

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

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s payout ratio is 6.45%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CGAU shares. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

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.