Counterpoint Mutual Funds LLC Purchases New Position in Centerra Gold Inc. (NYSE:CGAU)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Centerra Gold Inc. (NYSE:CGAU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,544 shares of the company’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Centerra Gold during the fourth quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Centerra Gold during the fourth quarter valued at approximately $80,000. Capstone Investment Advisors LLC purchased a new stake in Centerra Gold during the third quarter valued at approximately $89,000. HighTower Advisors LLC purchased a new stake in Centerra Gold during the third quarter valued at approximately $127,000. Finally, Entropy Technologies LP purchased a new stake in Centerra Gold during the fourth quarter valued at approximately $177,000. 55.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CGAU. Scotiabank decreased their price objective 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 report on Wednesday, February 26th. Finally, Desjardins downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $5.98 on Tuesday. The business’s 50 day moving average price is $6.10 and its 200-day moving average price is $6.37. Centerra Gold Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $7.82. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 16.60 and a beta of 0.92.

Centerra Gold (NYSE:CGAU) last released 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). The firm had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. Sell-side analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.07 per share. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 52.78%.

About Centerra Gold

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.