Montrusco Bolton Investments 13F: Adds $6.9M to CGAU Stake

Montrusco Bolton Investments has significantly increased its investment in Centerra Gold Inc. (NYSE: CGAU). According to the latest Form 13F filing with the SEC, the fund boosted its holdings by 82.6% during the reporting period. Montrusco Bolton added 315,182 shares, bringing its total to 696,739 shares valued at approximately $15.23 million.

What Changed in Montrusco Bolton's Centerra Gold Position

Montrusco Bolton Investments increased its stake in Centerra Gold by 82.6%, adding 315,182 shares to its previous holding of 381,557 shares. The fund now holds 696,739 shares, with the reported value of this position standing at about $15.23 million.

Centerra Gold Inc. Stock Down 3.3%

Shares of Centerra Gold Inc. (NYSE: CGAU) have been trading within a 52-week range of $9.72 to $24.52. The company has a market capitalization of approximately $4.49 billion and a P/E ratio of 7.33. Centerra Gold has a forward P/E of 12.07 and a beta of 1.634, indicating its stock is more volatile than the market. The company's 50-day moving average is $20.36, while the 200-day moving average is $17.92. The current ratio is 2.42, and the quick ratio is 1.45, with a debt-to-equity ratio of 2.11.

Recent Earnings

Centerra Gold reported revenues of $1.72 billion, reflecting a growth rate of 53.5%. The company achieved a net margin of 36.9% and a return on equity of 32.9%. Earnings per share stood at $3.13. The next earnings report is scheduled for October 27, 2026.

Dividend

Centerra Gold offers an annual dividend rate of $0.20, yielding 0.87%. The dividend payout ratio is a modest 6.45%, indicating a conservative approach to dividend distribution.

About Centerra Gold

Centerra Gold Inc. operates in the basic materials sector, focusing on gold and copper properties. With key operations in North America and Turkey, the company manages several mines, including the Mount Milligan gold-copper mine in British Columbia and the Öksüt gold mine in Turkey. Headquartered in Toronto, Canada, Centerra Gold is led by CEO Paul Botond Stilicho Tomory.

Bottom Line

Montrusco Bolton's decision to increase its stake in Centerra Gold highlights confidence in the company's operations and future prospects. Centerra Gold's strong financial performance, coupled with a healthy dividend, makes it a company of interest to investors. As always, note that 13F filings are historical and may not reflect current positions.