Hillsdale Investment Management Inc. Grows Position in Centerra Gold Inc. $CGAU

Hillsdale Investment Management Inc. boosted its stake in Centerra Gold Inc. (NYSE:CGAU) by 62.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,513,875 shares of the company’s stock after buying an additional 1,356,660 shares during the quarter. Centerra Gold makes up 1.4% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 11th largest holding. Hillsdale Investment Management Inc. owned 1.76% of Centerra Gold worth $50,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Burkett Financial Services LLC raised its position in Centerra Gold by 27.5% in the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock valued at $51,000 after buying an additional 769 shares during the last quarter. CWM LLC raised its position in Centerra Gold by 5.3% in the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after buying an additional 820 shares during the last quarter. Osaic Holdings Inc. raised its position in Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after buying an additional 1,839 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Centerra Gold in the 4th quarter valued at $36,000. Finally, Baron Wealth Management LLC raised its position in Centerra Gold by 10.8% in the 4th quarter. Baron Wealth Management LLC now owns 25,981 shares of the company’s stock valued at $373,000 after buying an additional 2,542 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Trading Up 3.5%

Shares of Centerra Gold stock opened at $17.64 on Friday. Centerra Gold Inc. has a 1 year low of $6.71 and a 1 year high of $21.17. The firm has a market cap of $3.50 billion, a PE ratio of 5.69, a P/E/G ratio of 0.81 and a beta of 0.80. The stock has a fifty day moving average price of $17.89 and a 200-day moving average price of $16.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.60.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%.The firm had revenue of $484.70 million during the quarter, compared to analyst estimates of $373.47 million. Equities research analysts anticipate that Centerra Gold Inc. will post 1.79 EPS for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. Centerra Gold’s dividend payout ratio is presently 6.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CGAU shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, February 4th. Scotiabank raised their target price on Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Zacks Research lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen lowered Centerra Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.67.

About Centerra Gold

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.