Neumeier Poma Investment Counsel LLC Invests $32.52 Billion in Centerra Gold Inc. $CGAU

Neumeier Poma Investment Counsel LLC bought a new position in shares of Centerra Gold Inc. (NYSE:CGAU) in the second quarter, Holdings Channel.com reports. The institutional investor bought 2,050,698 shares of the company’s stock, valued at approximately $32,524,070,000. Centerra Gold accounts for 2.2% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 24th biggest holding.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Centerra Gold by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,860 shares of the company’s stock worth $357,000 after buying an additional 575 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Centerra Gold by 2.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 36,939 shares of the company’s stock valued at $531,000 after acquiring an additional 747 shares during the period. CWM LLC boosted its holdings in shares of Centerra Gold by 5.3% in the 4th quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after acquiring an additional 820 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Centerra Gold by 3.5% in the first quarter. Pictet Asset Management Holding SA now owns 39,102 shares of the company’s stock worth $693,000 after acquiring an additional 1,340 shares during the period. Finally, Baron Wealth Management LLC increased its stake in shares of Centerra Gold by 6.2% in the first quarter. Baron Wealth Management LLC now owns 27,602 shares of the company’s stock worth $491,000 after acquiring an additional 1,621 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Price Performance

Shares of NYSE CGAU opened at $23.74 on Monday. The firm has a fifty day moving average of $17.75 and a 200 day moving average of $17.90. Centerra Gold Inc. has a one year low of $7.31 and a one year high of $24.16. The firm has a market cap of $4.66 billion, a PE ratio of 7.58, a PEG ratio of 0.89 and a beta of 0.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42.

Centerra Gold (NYSE:CGAU) last released its earnings results on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. The business had revenue of $442.71 million during the quarter, compared to analysts’ expectations of $394.27 million. As a group, research analysts predict that Centerra Gold Inc. will post 1.63 EPS for the current fiscal year.

Centerra Gold Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CGAU. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Weiss Ratings downgraded Centerra Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Centerra Gold in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.