Accordant Advisory Group Inc Purchases New Position in Centerra Gold Inc. $CGAU

Accordant Advisory Group Inc purchased a new stake in Centerra Gold Inc. (NYSE:CGAU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 190,027 shares of the company’s stock, valued at approximately $2,039,000. Centerra Gold comprises about 1.4% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 21st largest position. Accordant Advisory Group Inc owned 0.09% of Centerra Gold as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in shares of Centerra Gold in the 2nd quarter valued at $27,000. Osaic Holdings Inc. lifted its position in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after acquiring an additional 1,839 shares during the last quarter. Carrera Capital Advisors purchased a new stake in Centerra Gold in the second quarter valued at $81,000. Olympiad Research LP acquired a new position in Centerra Gold in the second quarter valued at $89,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Centerra Gold during the second quarter worth about $97,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Royal Bank Of Canada lowered Centerra Gold from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $13.00 to $14.00 in a research report on Wednesday, September 10th. Wall Street Zen raised Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Centerra Gold presently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

Centerra Gold Trading Down 1.6%

NYSE:CGAU opened at $14.14 on Monday. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $15.47. The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $12.98 and its 200-day simple moving average is $10.14. The firm has a market cap of $2.85 billion, a P/E ratio of 8.62, a PEG ratio of 0.41 and a beta of 0.87.

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

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Centerra Gold’s payout ratio is presently 12.20%.

About Centerra Gold

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.