Counterpoint Mutual Funds LLC Buys 56,346 Shares of Centerra Gold Inc. $CGAU

Key Points

• Counterpoint Mutual Funds purchased 56,346 shares of Centerra Gold worth approximately $1.23 million, while institutional investors collectively own 55.4% of the company.
• Analyst sentiment remains mixed but leans positive: five analysts rate the stock a Buy, one rates it Hold, and one rates it Sell. The consensus rating is “Moderate Buy” with a $21.00 price target.
• Centerra Gold reported quarterly revenue of $442.71 million and adjusted earnings of $0.39 per share, slightly exceeding estimates, and maintains a quarterly dividend of C$0.07, yielding about 1.3% annually.

Counterpoint Mutual Funds LLC purchased a new position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,346 shares of the company's stock, valued at approximately $1,227,000.

Several other institutional investors also recently modified their holdings of the business. Montrusco Bolton Investments Inc. increased its stake in shares of Centerra Gold by 82.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 696,739 shares of the company's stock worth $15,228,000 after purchasing an additional 315,182 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Centerra Gold by 18.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,177 shares of the company's stock worth $156,000 after buying an additional 1,101 shares during the period. Engineers Gate Manager LP grew its position in shares of Centerra Gold by 135.6% in the second quarter. Engineers Gate Manager LP now owns 49,984 shares of the company's stock valued at $793,000 after purchasing an additional 28,767 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Centerra Gold during the 2nd quarter valued at about $28,000. Finally, Groupe la Francaise increased its position in shares of Centerra Gold by 3.5% during the second quarter. Groupe la Francaise now owns 890,000 shares of the company's stock valued at $14,119,000 after buying an additional 30,000 shares during the period. 55.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CGAU has been the subject of a number of research analyst reports. Wall Street Zen downgraded Centerra Gold from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Weiss Ratings upgraded Centerra Gold from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Centerra Gold in a research note on Friday. Finally, Zacks Research downgraded shares of Centerra Gold from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 6th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.00.

Centerra Gold Trading Up 0.4%

Shares of CGAU stock opened at $22.06 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42. Centerra Gold Inc. has a 52-week low of $10.46 and a 52-week high of $24.52. The stock has a fifty day simple moving average of $22.40 and a two-hundred day simple moving average of $19.07. The firm has a market capitalization of $4.31 billion, a PE ratio of 7.05, a PEG ratio of 2.02 and a beta of 0.84.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%. The company had revenue of $442.71 million for the quarter, compared to analysts' expectations of $394.27 million. On average, analysts predict that Centerra Gold Inc. will post 1.56 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a C$0.07 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. Centerra Gold's payout ratio is currently 6.39%.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based, intermediate gold and copper producer headquartered in Toronto, Ontario. The company explores, develops and operates precious- and base-metal properties, with a focus on responsible mining and the production of gold and copper concentrates and doré.

Centerra's principal operating assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. Mount Milligan produces copper and gold concentrate, while Öksüt is an open-pit, heap-leach operation that produces gold doré.

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