Neumeier Poma Investment Counsel LLC bought a new stake in Centerra Gold Inc. (NYSE:CGAU – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,050,698 shares of the company’s stock, valued at approximately $32,524,070,000. Centerra Gold comprises about 2.2% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 24th largest holding. Neumeier Poma Investment Counsel LLC owned 1.05% of Centerra Gold as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in CGAU. Osaic Holdings Inc. boosted its holdings in shares of Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after buying an additional 1,839 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Centerra Gold in the 4th quarter worth approximately $36,000. Pinnacle Holdings LLC bought a new position in shares of Centerra Gold during the 2nd quarter worth approximately $45,000. Leonteq Securities AG bought a new position in shares of Centerra Gold during the 4th quarter worth approximately $72,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Centerra Gold during the second quarter valued at approximately $83,000. 55.40% of the stock is currently owned by institutional investors.
Centerra Gold Stock Performance
Shares of Centerra Gold stock opened at $23.74 on Monday. The firm has a market capitalization of $4.66 billion, a P/E ratio of 7.58, a PEG ratio of 0.89 and a beta of 0.80. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $17.75 and a 200 day moving average price of $17.90. Centerra Gold Inc. has a 52 week low of $7.31 and a 52 week high of $24.16.
Centerra Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Centerra Gold’s payout ratio is presently 6.39%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on CGAU. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a research note on Thursday, July 30th. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Finally, Weiss Ratings cut Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.50.
Check Out Our Latest Research Report on CGAU
Centerra Gold 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.
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