Centerra Gold Inc. $CGAU is Heartland Advisors Inc.’s 2nd Largest Position

Heartland Advisors Inc. lessened its stake in Centerra Gold Inc. (NYSE:CGAU) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,201,450 shares of the company’s stock after selling 198,200 shares during the quarter. Centerra Gold accounts for approximately 1.7% of Heartland Advisors Inc.’s portfolio, making the stock its 2nd biggest position. Heartland Advisors Inc.’s holdings in Centerra Gold were worth $31,635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Centerra Gold by 32.7% in the 3rd quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock valued at $57,631,000 after buying an additional 1,324,448 shares during the period. TD Asset Management Inc boosted its stake in shares of Centerra Gold by 12.2% in the 3rd quarter. TD Asset Management Inc now owns 1,489,163 shares of the company’s stock valued at $15,958,000 after buying an additional 161,542 shares during the period. Waratah Capital Advisors Ltd. boosted its stake in shares of Centerra Gold by 4.1% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock valued at $74,621,000 after buying an additional 275,510 shares during the period. Quantbot Technologies LP boosted its stake in shares of Centerra Gold by 194.2% in the 3rd quarter. Quantbot Technologies LP now owns 345,831 shares of the company’s stock valued at $3,711,000 after buying an additional 228,264 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Centerra Gold in the 3rd quarter valued at about $2,036,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CGAU shares. Scotiabank lifted their price objective on Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Wall Street Zen cut Centerra Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Zacks Research cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Centerra Gold Price Performance

CGAU stock opened at $14.74 on Thursday. The business has a 50 day moving average price of $17.84 and a 200 day moving average price of $16.95. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 4.75, a PEG ratio of 0.73 and a beta of 0.79. Centerra Gold Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $21.17. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%. Equities research analysts anticipate that Centerra Gold Inc. will post 1.79 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.9%. Centerra Gold’s payout ratio is 6.77%.

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.