Hillsdale’s Golden Notion

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Now, I reckon there’s a story here, and it ain’t about covered wagons and panning for nuggets. Hillsdale Investment Management, a firm with more sense than some politicians I’ve known, recently laid down a considerable sum – some $16.98 million, if my calculations are correct – on a heap of shares in Centerra Gold. A tidy bit of change, wouldn’t you say? They picked up 1,356,660 shares, to be precise, back on the tenth of February, 2026. Seems they’re betting on something shiny, and I confess, I’m inclined to agree with ’em.

What’s Stirring in the Mines

According to the official paperwork – bless those bureaucrats, always keeping records – Hillsdale increased their stake in Centerra Gold by a considerable margin last quarter. That $16.98 million is just the price of the shares themselves, mind you. The whole kit and caboodle of Centerra Gold holdings at the end of the quarter was worth a cool $50.68 million, a rise of $27.57 million from before. Shares went up, and they bought more. It’s simple arithmetic, really, though some on Wall Street seem to struggle with it.

A Peek Under the Bonnet

  • Hillsdale now owns 1.4% of Centerra Gold, a decent-sized piece of the pie, if you ask me.
  • As for their top holdings, here’s how the cards fall:
    • NYSE:RY: $164.93 million (4.6% of their total funds)
    • NYSE:CM: $111.43 million (3.1%)
    • NYSE:TD: $110.14 million (3.0%)
    • NYSE:BNS: $85.25 million (2.4%)
    • NASDAQ:SHOP: $77.33 million (2.1%)
  • Now, here’s a curious fact: Centerra Gold shares were priced at $18.59 on February 9th, a jump of 175.4% over the last year. Outperforming the S&P 500 by a whopping 165.7 percentage points! That’s a considerable feat, even for a company digging up treasure.

The Company Itself

Metric Value
Market capitalization $3.76 billion
Revenue (TTM) $1.29 billion
Net income (TTM) $338.72 million
Price (as of February 9, 2026) $18.59

Centerra Gold, you see, ain’t just a name on a stock ticker. They actually dig things up. Gold, copper, molybdenum – all from mines in Canada and Turkey. They’re an integrated operation, taking it from the ground to the market. Headquartered in Toronto, they employ around 1,150 folks, serving customers near and far. A mid-sized operation, but a solid one, focused on assets that’ll last.

What Does It Mean for Us Common Investors?

Gold, it seems, had a fine year in 2025. Investors, spooked by all the hullabaloo and uncertainty, sought a safe harbor. The price climbed roughly 65% to over $4,300 an ounce – the best showing since 1979, if you can believe it. And the rush hasn’t stopped with the new year. As of February 23rd, gold’s surged another 21%, trading at over $5,200 an ounce. Makes a man wish he’d invested in a pickaxe, don’t it?

Analysts at Goldman Sachs and JPMorgan Chase reckon gold could hit $5,400 by the end of 2026. Considering we’re practically there already, I wouldn’t be surprised if they upped their estimates. Centerra Gold has certainly benefited from this gold rush, with their stock rising 30% year-to-date and 203% over the last twelve months. Hillsdale’s bet seems a sound one, at least so far.

With more uncertainty looming – geopolitical troubles, economic jitters, and folks losing faith in newfangled contraptions – it appears the gold rush is far from over. Gold prices, mind you, are cyclical. But gold stocks like Centerra offer a good way to diversify a portfolio, particularly in times like these. It’s a bit like having a sturdy umbrella when the storm clouds gather – you might not need it every day, but you’ll be mighty glad you have it when the rain comes down.

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2026-02-23 23:23