Savant Capital LLC Acquires New Holdings in Centerra Gold Inc. $CGAU

Savant Capital LLC bought a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,021 shares of the company’s stock, valued at approximately $130,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CGAU shares. Raymond James Financial reiterated a “market perform” rating on shares of Centerra Gold in a research report on Thursday, October 30th. BMO Capital Markets restated a “market perform” rating on shares of Centerra Gold in a research report on Monday, September 15th. Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research note on Wednesday. Finally, Wall Street Zen raised Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Two 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 company’s stock. According to data from MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and an average price target of $14.17.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $11.47 on Friday. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $12.80. 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 firm has a 50-day moving average of $11.12 and a two-hundred day moving average of $8.65. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.62 and a beta of 0.89.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $314.74 million. As a group, analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.4%. Centerra Gold’s dividend payout ratio is currently 11.59%.

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.