Atria Wealth Solutions Inc. Boosts Stake in Centerra Gold Inc. (NYSE:CGAU)

Atria Wealth Solutions Inc. raised its position in Centerra Gold Inc. (NYSE:CGAU) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in Centerra Gold were worth $284,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Centerra Gold by 131.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 588,681 shares of the company’s stock valued at $3,346,000 after buying an additional 334,719 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Centerra Gold during the 4th quarter worth approximately $177,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Centerra Gold during the 4th quarter worth approximately $80,000. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold during the 4th quarter worth approximately $59,000. Finally, Ritholtz Wealth Management increased its stake in shares of Centerra Gold by 285.2% during the 4th quarter. Ritholtz Wealth Management now owns 97,025 shares of the company’s stock worth $552,000 after purchasing an additional 71,835 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CGAU shares. Scotiabank decreased 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. Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Centerra Gold Trading Up 1.1 %

CGAU opened at $5.75 on Friday. The company has a 50 day moving average of $6.08 and a 200 day moving average of $6.49. The company has a market cap of $1.21 billion, a PE ratio of 15.97 and a beta of 0.91. Centerra Gold Inc. has a 12 month low of $4.98 and a 12 month high of $7.82.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $302.40 million during the quarter, compared to the consensus estimate 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 disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 4.87%. Centerra Gold’s dividend payout ratio (DPR) is 52.78%.

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.