Centerra Gold Inc. $CGAU Shares Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 21.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,158,116 shares of the company’s stock after buying an additional 2,535,492 shares during the quarter. Centerra Gold comprises about 3.8% of Donald Smith & CO. Inc.’s portfolio, making the stock its 6th largest holding. Donald Smith & CO. Inc. owned approximately 0.07% of Centerra Gold worth $203,452,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CGAU. Janney Montgomery Scott LLC raised its stake in Centerra Gold by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock worth $357,000 after purchasing an additional 575 shares in the last quarter. Burkett Financial Services LLC raised its stake in Centerra Gold by 27.5% in the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after purchasing an additional 769 shares in the last quarter. CWM LLC raised its stake in Centerra Gold by 5.3% in the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after purchasing an additional 820 shares in the last quarter. Osaic Holdings Inc. raised its stake in Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Centerra Gold in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CGAU shares. Zacks Research cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Scotiabank lifted their price objective on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Wall Street Zen cut shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Centerra Gold Price Performance

Shares of NYSE:CGAU opened at $14.74 on Thursday. The firm has a 50 day moving average of $17.84 and a 200-day moving average of $16.95. The stock has a market capitalization of $2.93 billion, a PE ratio of 4.75, a PEG ratio of 0.73 and a beta of 0.79. The company has a current ratio of 2.41, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06. Centerra Gold Inc. has a 12 month low of $6.71 and a 12 month high of $21.17.

Centerra Gold (NYSE:CGAU) last issued its earnings results on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $373.47 million. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. On average, equities research analysts predict that Centerra Gold Inc. will post 1.79 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a $0.07 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. Centerra Gold’s payout ratio is presently 6.77%.

Centerra Gold Profile

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.