Renaissance Technologies LLC Has $2.20 Million Position in Centerra Gold Inc. (NYSE:CGAU)

Renaissance Technologies LLC grew its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 29.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 327,800 shares of the company's stock after buying an additional 73,600 shares during the period. Renaissance Technologies LLC owned approximately 0.15% of Centerra Gold worth $2,203,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CGAU. Virtu Financial LLC bought a new position in shares of Centerra Gold during the 1st quarter worth about $113,000. DekaBank Deutsche Girozentrale bought a new position in Centerra Gold during the second quarter worth about $131,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Centerra Gold during the second quarter valued at approximately $154,000. Artemis Investment Management LLP bought a new stake in shares of Centerra Gold in the 2nd quarter valued at approximately $268,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Centerra Gold by 82.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 85,148 shares of the company's stock worth $507,000 after buying an additional 38,384 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

Analyst Ratings Changes

CGAU has been the topic of several recent analyst reports. CIBC reaffirmed a "neutral" rating and issued a $13.00 price target (up previously from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Cibc World Mkts lowered shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.00.

Centerra Gold Price Performance

CGAU remained flat at $7.23 during trading on Thursday. The company's stock had a trading volume of 1,026,986 shares, compared to its average volume of 615,843. The company has a market capitalization of $1.55 billion, a PE ratio of 26.78 and a beta of 0.98. The company's 50 day moving average price is $6.92 and its 200 day moving average price is $6.66. Centerra Gold Inc. has a 52-week low of $4.47 and a 52-week high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last released 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 business had revenue of $282.31 million during the quarter. During the same period in the prior year, the firm earned ($0.20) earnings per share. As a group, analysts predict that Centerra Gold Inc. will post 0.82 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.051 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.82%. Centerra Gold's payout ratio is 74.07%.

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.