Intact Investment Management Inc. Has $21.81 Million Stock Holdings in Centerra Gold Inc. $CGAU

Key Points

• Intact Investment Management raised its stake in Centerra Gold by 166.7% in Q4 to 1,514,820 shares, worth $21.81 million — roughly 0.76% of the company.
• Centerra beat estimates in its most recent quarter with EPS of $0.44 versus $0.41 expected and revenue of $484.7M, reporting a net margin of 40.3%; the stock trades at a market cap of $3.45B and a P/E of 5.57 (52‑week range $6.30–$21.17).
• The company declared a $0.07 quarterly dividend (annualized $0.28, yield 1.6%), and analysts hold a consensus "Moderate Buy" with a $16.67 target amid several recent rating changes, including a BMO upgrade to outperform.

Intact Investment Management Inc. raised its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 166.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,514,820 shares of the company's stock after purchasing an additional 946,920 shares during the quarter. Intact Investment Management Inc. owned approximately 0.76% of Centerra Gold worth $21,807,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CGAU. Burkett Financial Services LLC acquired a new stake in Centerra Gold during the 3rd quarter valued at $30,000. TD Waterhouse Canada Inc. lifted its holdings in Centerra Gold by 1,106.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company's stock valued at $33,000 after purchasing an additional 2,733 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Centerra Gold by 63.0% during the 2nd 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 during the last quarter. State of Wyoming acquired a new stake in Centerra Gold during the 3rd quarter valued at $90,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Centerra Gold during the 1st quarter valued at $97,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Stock Up 0.1%

CGAU stock opened at $17.28 on Monday. 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 stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 5.57, a PEG ratio of 0.87 and a beta of 0.80. The business's fifty day moving average price is $18.50 and its two-hundred day moving average price is $15.92. Centerra Gold Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $21.17.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $484.70 million for the quarter, compared to analysts' expectations of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%. On average, equities analysts anticipate that Centerra Gold Inc. will post 1.75 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a $0.07 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. Centerra Gold's dividend payout ratio (DPR) is presently 6.77%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BMO Capital Markets raised Centerra Gold from a "hold" rating to an "outperform" rating in a report on Tuesday, January 20th. Wall Street Zen downgraded Centerra Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Centerra Gold in a report on Friday, March 27th. Zacks Research downgraded Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th. Finally, Scotiabank increased their price objective on Centerra Gold from $19.00 to $21.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.67.

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.

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