72,544 Shares in Centerra Gold Inc. (NYSE:CGAU) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 72,544 shares of the company's stock, valued at approximately $413,000.

A number of other hedge funds have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Centerra Gold by 36.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock valued at $31,514,000 after buying an additional 1,175,000 shares during the last quarter. Bank of Montreal Can increased its position in Centerra Gold by 59.0% during the third quarter. Bank of Montreal Can now owns 3,869,035 shares of the company's stock worth $28,690,000 after purchasing an additional 1,435,794 shares during the last quarter. Amundi increased its position in Centerra Gold by 168.6% during the fourth quarter. Amundi now owns 2,628,623 shares of the company's stock worth $15,377,000 after purchasing an additional 1,650,160 shares during the last quarter. U S Global Investors Inc. acquired a new stake in Centerra Gold during the fourth quarter worth about $3,667,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Centerra Gold during the third quarter worth about $4,454,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Stock Up 1.7 %

CGAU stock traded up $0.11 during mid-day trading on Wednesday, hitting $6.25. 319,471 shares of the company were exchanged, compared to its average volume of 769,734. The business has a fifty day simple moving average of $6.10 and a 200-day simple moving average of $6.36. Centerra Gold Inc. has a 12-month low of $5.46 and a 12-month high of $7.82. The firm has a market capitalization of $1.31 billion, a P/E ratio of 17.38 and a beta of 0.92.

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Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The business had revenue of $302.40 million during the quarter, compared to analysts' expectations of $316.92 million. Research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.07 dividend. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date is Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.48%. Centerra Gold's dividend payout ratio (DPR) is presently 52.78%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CGAU. Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Scotiabank cut their price objective on shares of 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. Finally, Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.