Centerra Gold Inc. (NYSE:CGAU) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. reduced its stake in Centerra Gold Inc. (NYSE:CGAU) by 33.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,705,304 shares of the company’s stock after selling 3,378,837 shares during the period. Donald Smith & CO. Inc.’s holdings in Centerra Gold were worth $48,010,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. CWM LLC acquired a new stake in shares of Centerra Gold in the 3rd quarter worth about $57,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after purchasing an additional 1,573 shares during the period. Virtu Financial LLC bought a new stake in shares of Centerra Gold during the first quarter valued at approximately $113,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Centerra Gold during the second quarter valued at approximately $131,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Centerra Gold during the second quarter worth approximately $154,000. 55.40% of the stock is owned by institutional investors.

Centerra Gold Price Performance

Shares of Centerra Gold stock traded down $0.18 on Wednesday, hitting $7.13. The company had a trading volume of 217,588 shares, compared to its average volume of 624,249. Centerra Gold Inc. has a 52 week low of $4.47 and a 52 week high of $7.82. The company has a market cap of $1.51 billion, a PE ratio of 11.57 and a beta of 0.98. The business has a 50-day simple moving average of $7.12 and a 200-day simple moving average of $6.85.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. The firm had revenue of $282.31 million during the quarter. During the same period in the previous year, the business posted ($0.20) earnings per share. On average, equities research analysts predict that Centerra Gold Inc. will post 0.84 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.051 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s dividend payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. CIBC restated a “neutral” rating and issued a $13.00 target price (up from $11.00) on shares of Centerra Gold in a research report on Wednesday, July 10th. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Centerra Gold Company 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.