Why One Fund’s $4 Million Centerra Gold Exit Looks Like Profit-Taking Amid a 150% Rally

1 week ago 19

Jonathan Ponciano, The Motley Fool

Sun, May 10, 2026 astatine 10:22 AM CDT 4 min read

On May 8, 2026, CM Management reported selling its full 200,000-share involvement successful Centerra Gold (NYSE:CGAU), an estimated $3.56 cardinal commercialized based connected quarterly mean pricing.

What happened

According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, CM Management, LLC afloat exited its presumption successful Centerra Gold by selling 200,000 shares. The estimated transaction worth was $3.56 million, calculated utilizing the mean unadjusted adjacent wrong the archetypal quarter. The quarter-end worth of the presumption declined by $2.87 million, reflecting some the commercialized and terms movements during the period.

What other to cognize

Top holdings aft the filing include:
- NASDAQ: ALCO: $8.25 cardinal (6.9% of AUM)
- NASDAQ: RIGL: $6.35 cardinal (5.3% of AUM)
- NASDAQ: RPRX: $6.00 cardinal (5.0% of AUM)
- NYSEMKT: RLGT: $4.58 cardinal (3.8% of AUM)
- NYSEMKT: INTT: $4.50 cardinal (3.8% of AUM)
As of May 7, 2026, Centerra Gold shares were priced astatine $17.79, up astir 150% implicit the past twelvemonth and good outperforming the S&P 500 by astir 120 percent points.

Company overview

Metric

Value

Revenue (TTM)	$1.57 billion
Net income (TTM)	$635.97 million
Dividend yield	1.12%
Price (as of marketplace adjacent May 7, 2026)	$17.79

Company snapshot

Centerra Gold produces gold, copper, and molybdenum, with main gross from the Mount Milligan excavation successful Canada and the Öksüt Gold Mine successful Turkey.
The steadfast operates an integrated mining model, generating gross done the exploration, extraction, and merchantability of precious and basal metals.
It serves planetary metals markets, supplying golden and copper to commodity buyers, refiners, and concern customers.

Centerra Gold is simply a mid-sized mining institution with a diversified portfolio of producing assets successful North America and Turkey. Its competitory borderline lies successful its wholly owned mining projects, specified arsenic the Mount Milligan and Öksüt mines.

What this transaction means for investors

Centerra Gold shares person surged astir 150% implicit the past twelvemonth arsenic golden prices exploded higher and the company’s mines delivered stronger currency generation. First-quarter gross for the steadfast climbed 62% twelvemonth implicit twelvemonth to $484.7 million, portion nett net jumped 160% to $79.4 million. Free currency flow, meanwhile, besides surged to $49 cardinal from conscionable $10 cardinal a twelvemonth earlier, helping propulsion Centerra’s currency equilibrium to $543.5 million.

Production besides stayed connected track, with the institution producing 68,001 ounces of golden and 14.2 cardinal pounds of copper during the quarter, portion absorption highlighted beardown show astatine some the Mount Milligan and Öksüt mines.

With the coagulated show successful caput (and of course, the staggering banal surge), CM’s merchantability yet looks little similar a nonaccomplishment of assurance and much similar a manager deciding to reallocate funds to investments that mightiness look little contiguous valuation risk.

But much importantly for semipermanent investors, Centerra is advancing aggregate maturation projects, including Kemess, Goldfield, and the Thompson Creek restart, portion extending Mount Milligan’s excavation beingness to 2045. That pipeline volition surely beryllium an important absorption going forward.

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