U S Global Investors Inc. Buys New Stake in Centerra Gold Inc. $CGAU

U S Global Investors Inc. bought a new stake in Centerra Gold Inc. (NYSE:CGAU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 721,921 shares of the company’s stock, valued at approximately $10,381,000. Centerra Gold comprises about 1.1% of U S Global Investors Inc.’s investment portfolio, making the stock its 24th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Eagle Global Advisors LLC acquired a new stake in Centerra Gold in the 4th quarter valued at approximately $181,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Centerra Gold by 8.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,009 shares of the company’s stock valued at $1,081,000 after purchasing an additional 5,977 shares during the last quarter. CWM LLC increased its holdings in Centerra Gold by 5.3% in the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after purchasing an additional 820 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its holdings in Centerra Gold by 99.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 94,100 shares of the company’s stock valued at $1,366,000 after purchasing an additional 47,000 shares during the last quarter. Finally, Baron Wealth Management LLC increased its holdings in Centerra Gold by 10.8% in the 4th quarter. Baron Wealth Management LLC now owns 25,981 shares of the company’s stock valued at $373,000 after purchasing an additional 2,542 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CGAU shares. Wall Street Zen raised shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 28th. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Scotiabank raised their price target on shares of Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and a consensus price target of $16.67.

Centerra Gold Stock Performance

Shares of CGAU stock opened at $18.63 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.39 and a debt-to-equity ratio of 0.04. Centerra Gold Inc. has a 52 week low of $6.30 and a 52 week high of $21.17. The stock has a market capitalization of $3.72 billion, a PE ratio of 6.56, a P/E/G ratio of 1.18 and a beta of 0.90. The firm has a 50 day moving average of $18.56 and a two-hundred day moving average of $15.64.

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

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 12th. Centerra Gold’s payout ratio is 7.39%.

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.