Counterpoint Mutual Funds LLC Makes New $413,000 Investment in Centerra Gold Inc. (NYSE:CGAU)

Counterpoint Mutual Funds LLC bought a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) during the 4th quarter, Holdings Channel.com reports. The fund bought 72,544 shares of the company’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Intact Investment Management Inc. boosted its position in Centerra Gold by 35.6% during the 4th quarter. Intact Investment Management Inc. now owns 267,500 shares of the company’s stock valued at $1,522,000 after acquiring an additional 70,200 shares in the last quarter. Amundi boosted its position in Centerra Gold by 168.6% during the 4th quarter. Amundi now owns 2,628,623 shares of the company’s stock valued at $15,377,000 after acquiring an additional 1,650,160 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Centerra Gold during the 4th quarter valued at $258,000. Raymond James Financial Inc. bought a new stake in Centerra Gold during the 4th quarter valued at $268,000. Finally, Plato Investment Management Ltd boosted its position in shares of Centerra Gold by 47.3% in the 4th quarter. Plato Investment Management Ltd now owns 84,559 shares of the company’s stock worth $483,000 after purchasing an additional 27,164 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Shares of CGAU opened at $5.98 on Tuesday. The stock has a 50-day moving average of $6.10 and a two-hundred day moving average of $6.37. Centerra Gold Inc. has a one year low of $5.46 and a one year high of $7.82. The stock has a market cap of $1.25 billion, a P/E ratio of 16.60 and a beta of 0.92.

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

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.69%. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is currently 52.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CGAU shares. Scotiabank lowered 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. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.00.

Centerra Gold 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.