15,447,900 Shares in Centerra Gold Inc. $CGAU Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. acquired a new position in Centerra Gold Inc. (NYSE:CGAU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,447,900 shares of the company’s stock, valued at approximately $245,004,000. Centerra Gold makes up about 4.3% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 3rd largest holding. Donald Smith & CO. Inc. owned about 7.88% of Centerra Gold as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGAU. Goldman Sachs Group Inc. lifted its position in shares of Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after buying an additional 4,853,494 shares in the last quarter. FIL Ltd purchased a new position in shares of Centerra Gold in the 4th quarter worth approximately $35,991,000. Millennium Management LLC grew its holdings in shares of Centerra Gold by 828.0% in the third quarter. Millennium Management LLC now owns 2,372,671 shares of the company’s stock valued at $25,435,000 after acquiring an additional 2,116,991 shares in the last quarter. Verbena Value LP bought a new position in shares of Centerra Gold in the fourth quarter valued at approximately $23,153,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Centerra Gold by 62.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,513,875 shares of the company’s stock valued at $50,678,000 after acquiring an additional 1,356,660 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 1.1%

NYSE:CGAU opened at $23.74 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.66 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 0.88 and a beta of 0.80. The firm’s 50 day moving average is $17.75 and its 200 day moving average is $17.90. Centerra Gold Inc. has a 12 month low of $7.31 and a 12 month high of $24.16.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%.The business had revenue of $442.71 million during the quarter, compared to analyst estimates of $394.27 million. Sell-side analysts expect that Centerra Gold Inc. will post 1.63 earnings per share for the current year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Centerra Gold’s dividend payout ratio (DPR) is currently 6.39%.

Analysts Set New Price Targets

A number of brokerages recently commented on CGAU. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Centerra Gold in a research note on Thursday, July 30th. Weiss Ratings lowered Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Scotiabank reiterated an “outperform” rating on shares of Centerra Gold in a research note on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.50.

About Centerra Gold

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.