Neumeier Poma Investment Counsel LLC Takes $32.52 Million Position in Centerra Gold Inc. $CGAU

Neumeier Poma Investment Counsel LLC purchased 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 SEC. The fund purchased 2,050,698 shares of the company's stock, valued at approximately $32,524,070. Centerra Gold makes up 0.0% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 24th biggest holding. Neumeier Poma Investment Counsel LLC owned about 1.05% of Centerra Gold as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Centerra Gold during the second quarter worth $37,142,000. Pinnacle Holdings LLC bought a new stake in Centerra Gold in the second quarter valued at approximately $45,000. Quantbot Technologies LP bought a new stake in Centerra Gold in the second quarter worth $1,035,000. Heartland Advisors Inc. purchased a new position in shares of Centerra Gold during the 2nd quarter worth $34,082,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Centerra Gold during the 2nd quarter worth approximately $83,000. 55.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CGAU. Wall Street Zen lowered Centerra Gold from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Weiss Ratings downgraded shares of Centerra Gold from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Centerra Gold in a research report on Thursday, July 30th. Finally, Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

Centerra Gold Stock Down 4.1%

CGAU stock traded down $0.99 during midday trading on Friday, hitting $23.26. The stock had a trading volume of 1,200,834 shares, compared to its average volume of 1,840,981. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 0.89 and a beta of 0.80. The business has a 50-day moving average of $18.29 and a two-hundred day moving average of $18.09. Centerra Gold Inc. has a 52-week low of $7.84 and a 52-week high of $24.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.42 and a quick ratio of 1.49.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $442.71 million during the quarter, compared to analyst estimates of $394.27 million. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%. As a group, equities research analysts forecast that Centerra Gold Inc. will post 1.63 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Centerra Gold's dividend payout ratio is currently 6.39%.

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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