D Orazio & Associates Inc. Acquires New Position in Centerra Gold Inc. $CGAU

D Orazio & Associates Inc. acquired a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,620 shares of the company’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Centerra Gold by 37.5% in the 1st quarter. Invesco Ltd. now owns 2,180,721 shares of the company’s stock worth $13,848,000 after acquiring an additional 594,674 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Centerra Gold during the 2nd quarter valued at $1,196,000. Deutsche Bank AG increased its holdings in shares of Centerra Gold by 1,792.9% in the 1st quarter. Deutsche Bank AG now owns 439,501 shares of the company’s stock worth $2,791,000 after purchasing an additional 416,283 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Centerra Gold by 4.7% in the first quarter. Hsbc Holdings PLC now owns 55,268 shares of the company’s stock worth $351,000 after purchasing an additional 2,499 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Centerra Gold by 9.9% in the first quarter. American Century Companies Inc. now owns 3,618,654 shares of the company’s stock worth $22,958,000 after purchasing an additional 326,794 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CGAU. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Weiss Ratings raised shares of Centerra Gold from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, November 7th. Raymond James Financial reissued a “market perform” rating on shares of Centerra Gold in a report on Thursday, October 30th. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Thursday, October 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Centerra Gold Price Performance

NYSE CGAU opened at $12.15 on Friday. The company has a 50-day moving average price of $10.82 and a 200-day moving average price of $8.46. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $12.80. The company has a quick ratio of 2.59, a current ratio of 2.89 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.45 billion, a P/E ratio of 7.41, a PEG ratio of 0.62 and a beta of 0.89.

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

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.3%. Centerra Gold’s payout ratio is presently 11.59%.

Centerra Gold Company 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.