Ashton Thomas Private Wealth LLC Acquires New Position in Centerra Gold Inc. (NYSE:CGAU)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 45,394 shares of the company’s stock, valued at approximately $258,000.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold in the 4th quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Centerra Gold in the 4th quarter valued at approximately $80,000. Capstone Investment Advisors LLC purchased a new stake in shares of Centerra Gold in the 3rd quarter valued at approximately $89,000. HighTower Advisors LLC purchased a new stake in shares of Centerra Gold in the 3rd quarter valued at approximately $127,000. Finally, Entropy Technologies LP purchased a new stake in shares of Centerra Gold in the 4th quarter valued at approximately $177,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CGAU shares. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Scotiabank dropped their price target on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 15th. Finally, Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Centerra Gold Stock Performance

NYSE:CGAU opened at $5.66 on Wednesday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 15.71 and a beta of 0.92. The company has a 50 day moving average price of $6.09 and a 200 day moving average price of $6.41. Centerra Gold Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $7.82.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. Research analysts forecast that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 4.95%. Centerra Gold’s dividend payout ratio is 52.78%.

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.