U S Global Investors Inc. Purchases New Holdings in Centerra Gold Inc. $CGAU

U S Global Investors Inc. purchased a new stake in Centerra Gold Inc. (NYSE:CGAU) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 721,921 shares of the company’s stock, valued at approximately $10,381,000. Centerra Gold makes up approximately 1.1% of U S Global Investors Inc.’s holdings, making the stock its 24th biggest holding. U S Global Investors Inc. owned approximately 0.36% of Centerra Gold at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGAU. Burkett Financial Services LLC lifted its stake in Centerra Gold by 27.5% in the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after purchasing an additional 769 shares in the last quarter. CWM LLC lifted its stake in Centerra Gold by 5.3% in the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after purchasing an additional 820 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after purchasing an additional 1,839 shares in the last quarter. Baron Wealth Management LLC lifted its stake in Centerra Gold by 10.8% in the 4th quarter. Baron Wealth Management LLC now owns 25,981 shares of the company’s stock worth $373,000 after purchasing an additional 2,542 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Centerra Gold by 1,106.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock worth $33,000 after purchasing an additional 2,733 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Stock Down 1.5%

Shares of NYSE CGAU opened at $18.63 on Friday. The company has a 50 day simple moving average of $18.56 and a 200-day simple moving average of $15.64. The company has a market capitalization of $3.72 billion, a P/E ratio of 6.56, a P/E/G ratio of 1.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.39 and a quick ratio of 1.65. Centerra Gold Inc. has a 1 year low of $6.30 and a 1 year high of $21.17.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $401.60 million during the quarter, compared to the consensus estimate of $355.39 million. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. On average, equities research analysts predict that Centerra Gold Inc. will post 1.72 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, March 12th. Centerra Gold’s dividend payout ratio (DPR) is 7.39%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wall Street Zen raised shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Scotiabank raised their target price on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, February 4th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.