Donald Smith & CO. Inc. Has $203.45 Million Position in Centerra Gold Inc. $CGAU

Donald Smith & CO. Inc. lifted its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,158,116 shares of the company’s stock after acquiring an additional 2,535,492 shares during the period. Centerra Gold makes up about 3.8% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 6th largest holding. Donald Smith & CO. Inc. owned about 7.09% of Centerra Gold worth $203,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Centerra Gold by 2.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock worth $357,000 after acquiring an additional 575 shares in the last quarter. Burkett Financial Services LLC increased its position in shares of Centerra Gold by 27.5% during the fourth quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after acquiring an additional 769 shares in the last quarter. CWM LLC grew its position in Centerra Gold by 5.3% in the fourth quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after purchasing an additional 820 shares in the last quarter. Osaic Holdings Inc. grew its position in Centerra Gold by 63.0% in the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in Centerra Gold in the fourth quarter valued at $36,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Stock Performance

Shares of 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 company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.60. The company has a market cap of $2.93 billion, a PE ratio of 4.75, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. Centerra Gold Inc. has a one year low of $6.71 and a one year high of $21.17.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, equities analysts forecast that Centerra Gold Inc. will post 1.79 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 6.77%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research report on Friday, March 27th. Scotiabank raised their target price on shares of Centerra Gold from $19.00 to $21.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Centerra Gold Company 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.