Donald Smith & CO. Inc. Purchases 2,017,756 Shares of Centerra Gold Inc. (NYSE:CGAU)

Donald Smith & CO. Inc. raised its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,723,060 shares of the company's stock after purchasing an additional 2,017,756 shares during the quarter. Donald Smith & CO. Inc. owned 4.15% of Centerra Gold worth $49,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Centerra Gold by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock worth $46,977,000 after buying an additional 76,544 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Centerra Gold by 24.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after acquiring an additional 1,126,825 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock worth $18,733,000 after acquiring an additional 836,777 shares during the last quarter. Amundi grew its position in shares of 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 during the period. Finally, U S Global Investors Inc. purchased a new stake in shares of Centerra Gold in the 4th quarter worth $3,667,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Trading Up 1.3 %

CGAU traded up $0.08 on Tuesday, hitting $5.69. 336,319 shares of the company's stock traded hands, compared to its average volume of 885,318. Centerra Gold Inc. has a one year low of $5.41 and a one year high of $7.82. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 15.76 and a beta of 0.81. The company's 50 day simple moving average is $6.18 and its 200-day simple moving average is $6.30.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share (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 company had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. As a group, equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 4.93%. This is a boost from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is presently 52.78%.

Analysts Set New Price Targets

CGAU has been the topic of several analyst reports. Scotiabank lowered their target price on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, January 15th. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Raymond James reissued an "outperform" rating on shares of Centerra Gold in a report on Friday. Desjardins downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $11.00.

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.