Cubist Systematic Strategies LLC Trims Stake in Centerra Gold Inc. (NYSE:CGAU)

Cubist Systematic Strategies LLC trimmed its stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 64.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,836 shares of the company's stock after selling 119,805 shares during the period. Cubist Systematic Strategies LLC's holdings in Centerra Gold were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its stake in Centerra Gold by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company's stock worth $96,000 after purchasing an additional 1,573 shares during the last quarter. Hsbc Holdings PLC lifted its position in Centerra Gold by 4.1% in the 2nd quarter. Hsbc Holdings PLC now owns 48,101 shares of the company's stock worth $325,000 after buying an additional 1,895 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Centerra Gold by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company's stock worth $1,199,000 after buying an additional 2,120 shares in the last quarter. TD Asset Management Inc grew its position in Centerra Gold by 0.7% during the second quarter. TD Asset Management Inc now owns 587,062 shares of the company's stock valued at $3,947,000 after acquiring an additional 4,356 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Centerra Gold by 7.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,426 shares of the company's stock worth $1,142,000 after acquiring an additional 12,257 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Centerra Gold Price Performance

CGAU traded up $0.01 during trading on Monday, hitting $7.12. 251,603 shares of the stock traded hands, compared to its average volume of 614,665. The firm has a market capitalization of $1.52 billion, a P/E ratio of 26.26 and a beta of 0.98. Centerra Gold Inc. has a 12-month low of $4.47 and a 12-month high of $7.82. The firm has a 50-day moving average of $6.98 and a 200 day moving average of $6.74.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. The company had revenue of $282.31 million during the quarter. During the same quarter in the prior year, the company posted ($0.20) earnings per share. As a group, equities analysts predict that Centerra Gold Inc. will post 0.84 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.87%. Centerra Gold's dividend payout ratio (DPR) is presently 74.07%.

Analyst Upgrades and Downgrades

CGAU has been the topic of several recent research reports. Cibc World Mkts lowered shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Centerra Gold currently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

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.