Centerra Gold Inc. (NYSE:CGAU) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 80.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,000 shares of the company’s stock after purchasing an additional 40,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in Centerra Gold were worth $571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jupiter Asset Management Ltd. purchased a new stake in Centerra Gold in the first quarter valued at approximately $1,128,000. Bastion Asset Management Inc. raised its position in Centerra Gold by 1.5% in the first quarter. Bastion Asset Management Inc. now owns 818,173 shares of the company’s stock valued at $5,195,000 after purchasing an additional 12,153 shares during the period. TD Asset Management Inc raised its position in Centerra Gold by 52.1% in the first quarter. TD Asset Management Inc now owns 1,148,338 shares of the company’s stock valued at $7,285,000 after purchasing an additional 393,122 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Centerra Gold in the first quarter valued at approximately $535,000. Finally, AMH Equity Ltd purchased a new stake in Centerra Gold in the first quarter valued at approximately $902,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Trading Down 1.7%

Shares of CGAU stock opened at $7.02 on Thursday. The firm has a fifty day moving average price of $7.21 and a 200 day moving average price of $6.71. The company has a market cap of $1.43 billion, a P/E ratio of 21.27, a PEG ratio of 0.45 and a beta of 0.80. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $7.82.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The firm had revenue of $288.30 million during the quarter, compared to the consensus estimate of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. On average, equities analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, August 21st. Centerra Gold’s dividend payout ratio is currently 60.61%.

Analyst Ratings Changes

CGAU has been the topic of a number of research analyst reports. Cibc World Mkts raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 27th. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, June 24th. BMO Capital Markets lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 8th. CIBC reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised Centerra Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

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.