Counterpoint Mutual Funds LLC Takes $351,000 Position in Centerra Gold Inc. $CGAU

Key Points

• Counterpoint Mutual Funds LLC has acquired a new stake in Centerra Gold Inc., purchasing 48,628 shares valued at approximately $351,000.
• Centerra Gold recently reported an earnings per share (EPS) of $0.25 for the quarter, exceeding analysts' expectations of $0.17.
• The company declared a quarterly dividend of $0.07, resulting in an annual yield of 2.9%, with a payout ratio currently at 60.61%.

Counterpoint Mutual Funds LLC acquired a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,628 shares of the company's stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Millennium Management LLC boosted its stake in shares of Centerra Gold by 0.3% in the fourth quarter. Millennium Management LLC now owns 585,238 shares of the company's stock valued at $3,330,000 after purchasing an additional 1,663 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Centerra Gold by 4.7% in the first quarter. Hsbc Holdings PLC now owns 55,268 shares of the company's stock valued at $351,000 after purchasing an additional 2,499 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Centerra Gold in the second quarter valued at approximately $27,000. Northwest & Ethical Investments L.P. boosted its stake in shares of Centerra Gold by 29.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 19,488 shares of the company's stock valued at $124,000 after purchasing an additional 4,398 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Centerra Gold by 0.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 625,233 shares of the company's stock worth $3,557,000 after acquiring an additional 5,535 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Trading Down 0.2%

Shares of NYSE:CGAU opened at $9.80 on Thursday. The firm has a 50 day simple moving average of $7.95 and a 200-day simple moving average of $7.16. The company has a market capitalization of $1.98 billion, a PE ratio of 29.71, a P/E/G ratio of 2.68 and a beta of 0.82. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $9.98.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. The business had revenue of $288.30 million for the quarter, compared to analysts' expectations of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. As a group, equities research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's payout ratio is currently 60.61%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CGAU. Scotiabank decreased their price target on shares of Centerra Gold from $12.00 to $9.50 and set a "sector outperform" rating for the company in a research note on Tuesday, September 16th. Wall Street Zen upgraded shares of Centerra Gold from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. CIBC reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a research report on Tuesday, June 24th. Finally, Royal Bank Of Canada downgraded shares of Centerra Gold from an "outperform" rating to a "sector perform" rating and boosted their price objective for the stock from $13.00 to $14.00 in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.83.

Centerra Gold Profile

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.

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