U S Global Investors Inc. Has $4.85 Million Position in Centerra Gold Inc. (NYSE:CGAU)

U S Global Investors Inc. increased its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 18.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 764,286 shares of the company's stock after acquiring an additional 119,565 shares during the period. Centerra Gold comprises approximately 0.6% of U S Global Investors Inc.'s investment portfolio, making the stock its 29th largest holding. U S Global Investors Inc. owned 0.36% of Centerra Gold worth $4,849,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vise Technologies Inc. acquired a new position in shares of Centerra Gold during the 4th quarter worth approximately $58,000. Massachusetts Financial Services Co. MA acquired a new position in Centerra Gold during the fourth quarter worth $60,000. Susquehanna Advisors Group Inc. bought a new stake in Centerra Gold during the fourth quarter worth $61,000. OMERS ADMINISTRATION Corp acquired a new stake in Centerra Gold in the fourth quarter valued at $79,000. Finally, Aquatic Capital Management LLC acquired a new stake in Centerra Gold in the fourth quarter valued at $82,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research note on Tuesday, June 24th. Raymond James Financial reissued an "outperform" rating on shares of Centerra Gold in a report on Friday, April 4th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. Finally, Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.00.

Centerra Gold Stock Performance

Shares of Centerra Gold stock traded up $0.05 during trading on Tuesday, reaching $7.26. 371,993 shares of the company's stock were exchanged, compared to its average volume of 907,713. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The company has a market cap of $1.50 billion, a P/E ratio of 38.21, a PEG ratio of 0.29 and a beta of 0.82. The firm's 50-day moving average price is $6.98 and its 200 day moving average price is $6.40.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $299.50 million during the quarter, compared to the consensus estimate of $288.25 million. Centerra Gold had a return on equity of 8.71% and a net margin of 3.68%. As a group, equities research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.86%. Centerra Gold's payout ratio is presently 105.26%.

About Centerra Gold

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.