Quadrature Capital Ltd Cuts Position in Centerra Gold Inc. $CGAU

Quadrature Capital Ltd decreased its position in Centerra Gold Inc. (NYSE:CGAU) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,800 shares of the company’s stock after selling 21,700 shares during the quarter. Quadrature Capital Ltd’s holdings in Centerra Gold were worth $2,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGAU. CWM LLC increased its position in shares of Centerra Gold by 15.6% in the 2nd quarter. CWM LLC now owns 14,480 shares of the company’s stock valued at $104,000 after purchasing an additional 1,955 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Centerra Gold by 0.3% during the second quarter. Russell Investments Group Ltd. now owns 702,035 shares of the company’s stock worth $5,045,000 after purchasing an additional 2,047 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Centerra Gold by 4.7% in the first quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock valued at $351,000 after buying an additional 2,499 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in Centerra Gold by 16.2% in the second quarter. Northwest & Ethical Investments L.P. now owns 22,648 shares of the company’s stock valued at $163,000 after buying an additional 3,160 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in Centerra Gold during the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Price Performance

CGAU stock opened at $13.25 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.59 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.67 billion, a P/E ratio of 8.08, a PEG ratio of 0.62 and a beta of 0.89. The business has a 50 day simple moving average of $11.52 and a 200-day simple moving average of $8.89. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $13.30.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The business had revenue of $395.20 million for the quarter, compared to analysts’ expectations of $314.74 million. As a group, equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s dividend payout ratio is presently 11.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CGAU shares. Royal Bank Of Canada downgraded Centerra Gold from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $13.00 to $14.00 in a report on Wednesday, September 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research note on Tuesday. Wall Street Zen upgraded shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. BMO Capital Markets restated a “market perform” rating on shares of Centerra Gold in a report on Monday, September 15th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

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.