Centerra Gold Inc. (NYSE:CGAU) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 27.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 9,879,956 shares of the company's stock after acquiring an additional 2,156,920 shares during the period. Centerra Gold makes up approximately 1.5% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 29th largest holding. Donald Smith & CO. Inc. owned 4.58% of Centerra Gold worth $58,885,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Centerra Gold by 33.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,935 shares of the company's stock valued at $265,000 after buying an additional 13,553 shares during the last quarter. Mackenzie Financial Corp grew its stake in Centerra Gold by 91.9% during the 3rd quarter. Mackenzie Financial Corp now owns 3,384,834 shares of the company's stock valued at $15,775,000 after purchasing an additional 1,621,158 shares during the last quarter. CIBC Asset Management Inc grew its stake in Centerra Gold by 1.8% during the 3rd quarter. CIBC Asset Management Inc now owns 207,198 shares of the company's stock valued at $1,016,000 after purchasing an additional 3,640 shares during the last quarter. Versor Investments LP acquired a new position in shares of Centerra Gold in the third quarter valued at about $52,000. Finally, Heartland Advisors Inc. raised its stake in shares of Centerra Gold by 2.6% in the third quarter. Heartland Advisors Inc. now owns 2,191,300 shares of the company's stock worth $10,737,000 after purchasing an additional 55,200 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Price Performance

NYSE:CGAU traded down $0.07 during trading hours on Monday, reaching $6.29. The company had a trading volume of 296,135 shares, compared to its average volume of 412,051. Centerra Gold Inc. has a 1-year low of $4.47 and a 1-year high of $7.08. The business's 50 day moving average price is $5.76 and its 200-day moving average price is $5.61. The firm has a market cap of $1.35 billion, a PE ratio of -17.00 and a beta of 0.98.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. The firm had revenue of $340.00 million for the quarter. On average, analysts expect that Centerra Gold Inc. will post 0.55 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a $0.0518 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's dividend payout ratio is -43.24%.

Wall Street Analyst Weigh In

CGAU has been the topic of a number of recent research reports. National Bank Financial reiterated an "outperform overweight" rating on shares of Centerra Gold in a research report on Monday, April 8th. BMO Capital Markets assumed coverage on shares of Centerra Gold in a report on Wednesday, February 21st. They issued an "outperform" rating on the stock. Finally, CIBC increased their price objective on shares of Centerra Gold from $9.50 to $11.00 and gave the stock an "outperformer" rating in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $9.78.

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.