Centerra Gold Inc. (NYSE:CGAU) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. boosted its holdings in Centerra Gold Inc. (NYSE:CGAU) by 30.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,723,060 shares of the company’s stock after buying an additional 2,017,756 shares during the period. Donald Smith & CO. Inc.’s holdings in Centerra Gold were worth $49,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGAU. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold in the fourth quarter worth about $59,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Centerra Gold during the 4th quarter valued at about $60,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Centerra Gold in the 4th quarter worth approximately $80,000. HighTower Advisors LLC acquired a new position in shares of Centerra Gold during the third quarter valued at $127,000. Finally, Entropy Technologies LP acquired a new stake in shares of Centerra Gold in the fourth quarter valued at approximately $177,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

CGAU has been the topic of a number of research analyst reports. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a report on Thursday, March 20th. Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Scotiabank reduced their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 15th. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Stock Performance

Shares of NYSE:CGAU opened at $6.28 on Thursday. Centerra Gold Inc. has a twelve month low of $5.46 and a twelve month high of $7.82. The firm has a market cap of $1.32 billion, a PE ratio of 17.44 and a beta of 0.92. The business has a fifty day moving average of $6.19 and a 200-day moving average of $6.33.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. On average, analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.07 per share. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 52.78%.

About Centerra Gold

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.