Y Intercept Hong Kong Ltd Decreases Position in Centerra Gold Inc. $CGAU

Y Intercept Hong Kong Ltd decreased its position in Centerra Gold Inc. (NYSE:CGAU) by 61.7% during the 1st quarter, Holdings Channel reports. The firm owned 29,900 shares of the company’s stock after selling 48,176 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Centerra Gold were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CGAU. Global Retirement Partners LLC purchased a new stake in shares of Centerra Gold in the 4th quarter worth about $36,000. Burkett Financial Services LLC purchased a new position in Centerra Gold during the 3rd quarter valued at about $30,000. Osaic Holdings Inc. raised its position in Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after acquiring an additional 1,839 shares during the last quarter. Leonteq Securities AG acquired a new position in Centerra Gold during the fourth quarter worth about $72,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Centerra Gold in the fourth quarter valued at about $100,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Down 2.1%

CGAU stock opened at $15.87 on Tuesday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 5.12, a PEG ratio of 0.61 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. Centerra Gold Inc. has a one year low of $6.71 and a one year high of $21.17. The company has a 50 day moving average price of $16.70 and a two-hundred day moving average price of $17.40.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%.The company had revenue of $484.70 million for the quarter, compared to analyst estimates of $373.47 million. As a group, sell-side analysts expect that Centerra Gold Inc. will post 1.61 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio is presently 6.77%.

Wall Street Analysts Forecast Growth

CGAU has been the subject of a number of recent research reports. Wall Street Zen raised shares of Centerra Gold from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Zacks Research cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Finally, Scotiabank reissued 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. According to MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Centerra Gold Company 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.