OMERS ADMINISTRATION Corp Makes New $79,000 Investment in Centerra Gold Inc. (NYSE:CGAU)

OMERS ADMINISTRATION Corp acquired a new position in Centerra Gold Inc. (NYSE:CGAU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,800 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Donald Smith & CO. Inc. grew its holdings in Centerra Gold by 30.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company’s stock worth $49,634,000 after purchasing an additional 2,017,756 shares during the period. Vanguard Group Inc. grew its position in Centerra Gold by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company’s stock worth $46,977,000 after purchasing an additional 76,544 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Centerra Gold by 24.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company’s stock worth $33,028,000 after purchasing an additional 1,126,825 shares during the period. American Century Companies Inc. grew its position in Centerra Gold by 34.1% in the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company’s stock worth $18,733,000 after purchasing an additional 836,777 shares during the period. Finally, Amundi grew its position in Centerra Gold by 168.6% in the 4th quarter. Amundi now owns 2,628,623 shares of the company’s stock worth $15,377,000 after purchasing an additional 1,650,160 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CGAU. Raymond James reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, National Bankshares reiterated an “outperform” rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Centerra Gold Stock Performance

CGAU opened at $6.73 on Wednesday. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The firm’s fifty day moving average is $6.46 and its 200 day moving average is $6.18. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 18.69 and a beta of 0.80.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The firm had revenue of $299.50 million for the quarter, compared to the consensus estimate of $288.25 million. On average, equities research analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 4.16%. Centerra Gold’s payout ratio is 100.00%.

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.