Polunin Capital Partners Ltd Makes New $3.76 Million Investment in Centerra Gold Inc. (NYSE:CGAU)

Polunin Capital Partners Ltd acquired a new position in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 558,815 shares of the company's stock, valued at approximately $3,758,000. Centerra Gold makes up about 0.6% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 18th largest holding. Polunin Capital Partners Ltd owned about 0.26% of Centerra Gold as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGAU. Dynamic Technology Lab Private Ltd purchased a new position in shares of Centerra Gold in the 4th quarter worth about $98,000. Virtu Financial LLC purchased a new position in Centerra Gold in the first quarter valued at about $113,000. Artemis Investment Management LLP bought a new position in shares of Centerra Gold during the 2nd quarter valued at approximately $268,000. Russell Investments Group Ltd. increased its stake in shares of Centerra Gold by 943.8% during the 4th quarter. Russell Investments Group Ltd. now owns 65,020 shares of the company's stock worth $390,000 after purchasing an additional 58,791 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of Centerra Gold by 330.4% in the 4th quarter. Trexquant Investment LP now owns 67,298 shares of the company's stock worth $401,000 after purchasing an additional 51,663 shares during the period. Hedge funds and other institutional investors own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CGAU. Cibc World Mkts lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Scotiabank increased their price target on Centerra Gold from $8.00 to $9.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 23rd. Finally, CIBC restated a "neutral" rating and issued a $13.00 price objective (up from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.80.

Centerra Gold Stock Performance

NYSE CGAU traded up $0.02 during trading hours on Friday, hitting $7.31. The company had a trading volume of 3,063,561 shares, compared to its average volume of 536,191. The firm has a 50 day simple moving average of $6.81 and a 200 day simple moving average of $6.31. Centerra Gold Inc. has a 52 week low of $4.47 and a 52 week high of $7.51. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 27.07 and a beta of 0.98.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. The company had revenue of $282.31 million during the quarter. Centerra Gold had a net margin of 10.68% and a return on equity of 10.77%. During the same quarter last year, the business posted ($0.20) earnings per share. On average, research analysts forecast that Centerra Gold Inc. will post 0.75 earnings per share for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a $0.051 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.79%. Centerra Gold's payout ratio is currently 74.07%.

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.