Donald Smith & CO. Inc. Boosts Holdings in Centerra Gold Inc. (NYSE:CGAU)

Donald Smith & CO. Inc. increased its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 27.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,879,956 shares of the company’s stock after purchasing an additional 2,156,920 shares during the period. Centerra Gold accounts for about 1.5% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 29th biggest holding. Donald Smith & CO. Inc.’s holdings in Centerra Gold were worth $58,885,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Versor Investments LP purchased a new position in Centerra Gold in the third quarter valued at $52,000. Heron Bay Capital Management purchased a new stake in shares of Centerra Gold during the fourth quarter worth approximately $77,000. Hsbc Holdings PLC raised its holdings in Centerra Gold by 134.2% in the third quarter. Hsbc Holdings PLC now owns 35,587 shares of the company’s stock valued at $174,000 after acquiring an additional 20,389 shares in the last quarter. Insigneo Advisory Services LLC purchased a new position in Centerra Gold in the third quarter worth approximately $223,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Centerra Gold in the 3rd quarter valued at approximately $225,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. CIBC raised their price target on Centerra Gold from $9.50 to $11.00 and gave the company an “outperformer” rating in a research note on Monday, April 15th. BMO Capital Markets started coverage on Centerra Gold in a report on Wednesday, February 21st. They issued an “outperform” rating for the company. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $9.78.

Centerra Gold Stock Down 1.1 %

NYSE:CGAU traded down $0.07 during trading hours on Monday, reaching $6.29. 351,390 shares of the company’s stock were exchanged, compared to its average volume of 412,051. The company has a 50-day moving average of $5.73 and a 200 day moving average of $5.59. Centerra Gold Inc. has a 1-year low of $4.47 and a 1-year high of $7.08.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. The company had revenue of $340.00 million for the quarter. Sell-side analysts predict that Centerra Gold Inc. will post 0.55 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a $0.0518 dividend. This represents a $0.21 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is -43.24%.

Centerra Gold Company Profile

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.