U S Global Investors Inc. Buys 119,565 Shares of Centerra Gold Inc. (NYSE:CGAU)

U S Global Investors Inc. lifted its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 18.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 764,286 shares of the company's stock after purchasing an additional 119,565 shares during the period. Centerra Gold accounts for 0.6% of U S Global Investors Inc.'s portfolio, making the stock its 29th largest position. U S Global Investors Inc. owned 0.36% of Centerra Gold worth $4,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vise Technologies Inc. bought a new position in Centerra Gold in the fourth quarter valued at approximately $58,000. Massachusetts Financial Services Co. MA bought a new position in Centerra Gold in the fourth quarter valued at approximately $60,000. Susquehanna Advisors Group Inc. bought a new position in Centerra Gold in the fourth quarter valued at approximately $61,000. OMERS ADMINISTRATION Corp bought a new position in Centerra Gold in the fourth quarter valued at approximately $79,000. Finally, Aquatic Capital Management LLC bought a new position in Centerra Gold in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CGAU shares. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Raymond James Financial reissued an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. CIBC reissued a "neutral" rating on shares of Centerra Gold in a report on Thursday, March 20th. Finally, Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Centerra Gold has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Centerra Gold Trading Down 3.6%

Shares of CGAU stock traded down $0.27 on Friday, hitting $7.05. The stock had a trading volume of 1,021,722 shares, compared to its average volume of 911,409. Centerra Gold Inc. has a twelve month low of $5.41 and a twelve month high of $7.82. The firm has a market cap of $1.45 billion, a P/E ratio of 37.08, a PEG ratio of 0.29 and a beta of 0.82. The company has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $6.39.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $299.50 million for the quarter, compared to analysts' expectations of $288.25 million. Centerra Gold had a net margin of 3.68% and a return on equity of 8.71%. On average, analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 3.97%. Centerra Gold's dividend payout ratio is currently 105.26%.

Centerra Gold Company 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.