Spark Investment Management LLC Makes New $590,000 Investment in Centerra Gold Inc. $CGAU

Spark Investment Management LLC purchased a new position in shares of Centerra Gold Inc. (NYSE:CGAU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 41,000 shares of the company’s stock, valued at approximately $590,000. Centerra Gold comprises 1.5% of Spark Investment Management LLC’s investment portfolio, making the stock its 18th largest holding.

Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after purchasing an additional 4,853,494 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Centerra Gold by 18.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,725,444 shares of the company’s stock worth $82,796,000 after purchasing an additional 1,195,277 shares during the last quarter. Waratah Capital Advisors Ltd. increased its stake in shares of Centerra Gold by 4.1% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 6,954,407 shares of the company’s stock worth $74,621,000 after purchasing an additional 275,510 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Centerra Gold by 32.7% during the 3rd quarter. American Century Companies Inc. now owns 5,379,277 shares of the company’s stock worth $57,631,000 after purchasing an additional 1,324,448 shares during the last quarter. Finally, Man Group plc increased its stake in shares of Centerra Gold by 9.7% during the 2nd quarter. Man Group plc now owns 3,649,899 shares of the company’s stock worth $26,241,000 after purchasing an additional 323,860 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

CGAU has been the subject of several research analyst reports. Wall Street Zen lowered shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Scotiabank raised their price target on shares of Centerra Gold from $19.00 to $21.00 and gave the stock 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. Finally, Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.67.

Centerra Gold Stock Up 0.0%

Centerra Gold stock opened at $15.28 on Monday. Centerra Gold Inc. has a 1-year low of $6.71 and a 1-year high of $21.17. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 4.93, a P/E/G ratio of 0.73 and a beta of 0.79. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $17.92 and a 200 day simple moving average of $16.88.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The business had revenue of $484.70 million during the quarter, compared to analyst estimates of $373.47 million. On average, analysts predict that Centerra Gold Inc. will post 1.79 earnings per share for the current year.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s payout ratio is currently 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.