Centerra Gold Inc. $CGAU Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 61.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,900 shares of the company’s stock after selling 48,176 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Centerra Gold were worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of Centerra Gold by 122.8% during the first quarter. Janney Montgomery Scott LLC now owns 55,384 shares of the company’s stock worth $985,000 after buying an additional 30,524 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Centerra Gold by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock worth $693,000 after buying an additional 1,340 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Centerra Gold in the 1st quarter valued at about $3,062,000. PKO Investment Management Joint Stock Co purchased a new stake in Centerra Gold during the 1st quarter valued at approximately $1,544,000. Finally, Baron Wealth Management LLC raised its stake in Centerra Gold by 6.2% during the 1st quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock valued at $491,000 after acquiring an additional 1,621 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CGAU. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Zacks Research cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and a consensus target price of $16.67.

Centerra Gold Stock Performance

NYSE:CGAU opened at $15.87 on Tuesday. 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 Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $21.17. The stock has a market cap of $3.14 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 0.61 and a beta of 0.81. The firm’s fifty day simple moving average is $16.70 and its 200-day simple moving average is $17.40.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, beating 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 net margin of 40.32% and a return on equity of 14.90%. Analysts expect that Centerra Gold Inc. will post 1.61 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is presently 6.77%.

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.