Polunin Capital Partners Ltd Has $4.06 Million Holdings in Centerra Gold Inc. (NYSE:CGAU)

by · The Cerbat Gem

Polunin Capital Partners Ltd decreased its stake in Centerra Gold Inc. (NYSE:CGAU – Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,115 shares of the company’s stock after selling 14,700 shares during the quarter. Centerra Gold makes up about 0.9% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 17th largest position. Polunin Capital Partners Ltd owned 0.25% of Centerra Gold worth $4,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd boosted its stake in shares of Centerra Gold by 118.5% in the 1st quarter. Quadrature Capital Ltd now owns 295,800 shares of the company’s stock valued at $1,742,000 after purchasing an additional 160,400 shares in the last quarter. Acadian Asset Management LLC boosted its position in Centerra Gold by 309.6% in the first quarter. Acadian Asset Management LLC now owns 1,275,800 shares of the company’s stock valued at $7,527,000 after buying an additional 964,294 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Centerra Gold by 80.0% during the first quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company’s stock worth $692,000 after buying an additional 52,014 shares during the last quarter. Old West Investment Management LLC bought a new position in shares of Centerra Gold in the second quarter valued at approximately $1,344,000. Finally, Renaissance Technologies LLC increased its holdings in Centerra Gold by 29.0% during the 2nd quarter. Renaissance Technologies LLC now owns 327,800 shares of the company’s stock valued at $2,203,000 after purchasing an additional 73,600 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CGAU shares. CIBC restated a “neutral” rating and set a $13.00 target price (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Check Out Our Latest Stock Report on CGAU

Centerra Gold Stock Performance

Shares of Centerra Gold stock traded down $0.25 during trading on Friday, reaching $7.25. 759,930 shares of the company’s stock were exchanged, compared to its average volume of 627,194. Centerra Gold Inc. has a 1-year low of $4.47 and a 1-year high of $7.82. The firm’s 50-day moving average price is $7.12 and its 200 day moving average price is $6.82. The company has a market cap of $1.55 billion, a P/E ratio of 26.85 and a beta of 0.98.

Centerra Gold (NYSE:CGAU – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $282.31 million for the quarter. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. During the same period in the prior year, the company posted ($0.20) earnings per share. As a group, equities research analysts predict that Centerra Gold Inc. will post 0.84 EPS for the current year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.051 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.81%. Centerra Gold’s dividend payout ratio (DPR) is currently 74.07%.

Centerra Gold Profile

(Free Report)

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.

See Also