Centerra Gold Inc. (NYSE:CGAU) is Aegis Financial Corp’s 4th Largest Position

Aegis Financial Corp raised its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 0.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,755,676 shares of the company’s stock after purchasing an additional 9,045 shares during the period. Centerra Gold makes up approximately 8.8% of Aegis Financial Corp’s holdings, making the stock its 4th largest holding. Aegis Financial Corp owned approximately 0.80% of Centerra Gold worth $11,327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of Centerra Gold by 1.8% during the 4th quarter. Bessemer Group Inc. now owns 317,180 shares of the company’s stock valued at $1,642,000 after purchasing an additional 5,723 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Centerra Gold by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 1,158,476 shares of the company’s stock valued at $5,998,000 after buying an additional 6,006 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Centerra Gold by 11.0% in the first quarter. Bank of New York Mellon Corp now owns 69,201 shares of the company’s stock worth $448,000 after buying an additional 6,856 shares during the period. Credit Suisse AG lifted its stake in shares of Centerra Gold by 2.2% in the 1st quarter. Credit Suisse AG now owns 334,759 shares of the company’s stock valued at $2,922,000 after acquiring an additional 7,053 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Centerra Gold by 46.8% during the 4th quarter. Citigroup Inc. now owns 23,644 shares of the company’s stock valued at $122,000 after acquiring an additional 7,543 shares during the period. Institutional investors own 51.53% of the company’s stock.

Centerra Gold Stock Performance

CGAU traded down $0.07 on Wednesday, hitting $5.99. The company had a trading volume of 81,665 shares, compared to its average volume of 184,351. The stock has a fifty day simple moving average of $6.02 and a 200-day simple moving average of $6.23. Centerra Gold Inc. has a 52-week low of $3.77 and a 52-week high of $7.71.

Centerra Gold (NYSE:CGAU) last released its earnings results on Monday, July 31st. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The firm had revenue of $184.52 million during the quarter. Centerra Gold had a negative net margin of 34.71% and a negative return on equity of 6.96%. During the same period in the previous year, the firm posted ($0.12) EPS. On average, analysts anticipate that Centerra Gold Inc. will post 0.09 EPS for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were paid a $0.053 dividend. This represents a $0.21 annualized dividend and a dividend yield of 3.54%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, August 14th. Centerra Gold’s dividend payout ratio (DPR) is presently -16.67%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. National Bank Financial lowered their price objective on Centerra Gold from C$13.00 to C$12.50 in a research report on Thursday, May 18th. Credit Suisse Group boosted their price objective on shares of Centerra Gold from C$8.00 to C$9.50 in a research report on Tuesday, June 20th. Raymond James raised Centerra Gold from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 31st. TD Securities upgraded Centerra Gold from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. Finally, CIBC reduced their target price on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, May 16th.

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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.