Millennium Management LLC Sells 92,579 Shares of Centerra Gold Inc. (NYSE:CGAU)

Millennium Management LLC lessened its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,188,608 shares of the company's stock after selling 92,579 shares during the period. Millennium Management LLC owned 0.56% of Centerra Gold worth $7,989,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CGAU. Acadian Asset Management LLC boosted its stake in shares of Centerra Gold by 594.6% in the 2nd quarter. Acadian Asset Management LLC now owns 8,862,170 shares of the company's stock valued at $59,532,000 after purchasing an additional 7,586,370 shares during the last quarter. Van ECK Associates Corp boosted its stake in Centerra Gold by 7.6% in the first quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company's stock valued at $130,191,000 after acquiring an additional 1,552,601 shares during the last quarter. Bank of Montreal Can grew its holdings in Centerra Gold by 158.9% during the 2nd quarter. Bank of Montreal Can now owns 2,433,241 shares of the company's stock worth $16,881,000 after acquiring an additional 1,493,349 shares during the period. American Century Companies Inc. raised its position in shares of Centerra Gold by 132.8% during the 2nd quarter. American Century Companies Inc. now owns 1,835,673 shares of the company's stock valued at $12,345,000 after acquiring an additional 1,047,142 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Centerra Gold in the 2nd quarter valued at $6,772,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Analyst Ratings Changes

CGAU has been the subject of a number of analyst reports. CIBC reaffirmed a "neutral" rating and set a $13.00 price objective (up from $11.00) on shares of Centerra Gold in a research note 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Centerra Gold Stock Performance

NYSE:CGAU traded up $0.22 on Thursday, reaching $7.08. The company's stock had a trading volume of 810,966 shares, compared to its average volume of 616,084. Centerra Gold Inc. has a 1-year low of $4.47 and a 1-year high of $7.82. The business's 50-day moving average price is $6.96 and its two-hundred day moving average price is $6.71. The firm has a market cap of $1.52 billion, a PE ratio of 26.07 and a beta of 0.98.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 previous year, the company posted ($0.20) earnings per share. As a group, sell-side analysts expect that Centerra Gold Inc. will post 0.82 EPS for the current year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.051 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 annualized dividend and a yield of 2.88%. Centerra Gold's dividend payout ratio is currently 74.07%.

About Centerra Gold

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.