U S Global Investors Inc. Makes New $3.67 Million Investment in Centerra Gold Inc. (NYSE:CGAU)

U S Global Investors Inc. acquired a new stake in Centerra Gold Inc. (NYSE:CGAU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 644,721 shares of the company’s stock, valued at approximately $3,667,000.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Centerra Gold in the fourth quarter worth $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Centerra Gold during the 4th quarter worth $80,000. Capstone Investment Advisors LLC purchased a new stake in Centerra Gold during the 3rd quarter worth $89,000. HighTower Advisors LLC acquired a new stake in Centerra Gold in the 3rd quarter valued at $127,000. Finally, Entropy Technologies LP purchased a new position in Centerra Gold in the fourth quarter valued at about $177,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Down 5.1 %

Shares of NYSE:CGAU opened at $5.69 on Friday. Centerra Gold Inc. has a 12-month low of $4.90 and a 12-month high of $7.82. The firm has a market cap of $1.20 billion, a PE ratio of 15.82 and a beta of 0.91. The company has a fifty day simple moving average of $6.08 and a 200 day simple moving average of $6.49.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. As a group, equities research analysts forecast that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.07 per share. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s dividend payout ratio is currently 52.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Scotiabank dropped their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

Centerra Gold 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.