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

Donald Smith & CO. Inc. cut its holdings in Centerra Gold Inc. (NYSE:CGAU - Free Report) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,705,304 shares of the company's stock after selling 3,378,837 shares during the period. Donald Smith & CO. Inc. owned approximately 3.13% of Centerra Gold worth $48,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Centerra Gold by 7.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,426 shares of the company's stock worth $1,142,000 after purchasing an additional 12,257 shares during the period. Hartree Partners LP boosted its holdings in shares of Centerra Gold by 11.3% in the first quarter. Hartree Partners LP now owns 490,900 shares of the company's stock worth $2,901,000 after buying an additional 49,700 shares during the last quarter. Heartland Advisors Inc. raised its stake in shares of Centerra Gold by 2.8% in the first quarter. Heartland Advisors Inc. now owns 2,256,800 shares of the company's stock worth $13,338,000 after buying an additional 62,300 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Centerra Gold by 80.0% in the first quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company's stock worth $692,000 after purchasing an additional 52,014 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of Centerra Gold by 10.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,949,795 shares of the company's stock valued at $17,425,000 after acquiring an additional 289,795 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

Centerra Gold Stock Performance

Shares of CGAU stock traded down $0.05 on Wednesday, hitting $7.26. 604,841 shares of the stock traded hands, compared to its average volume of 626,357. The stock has a market capitalization of $1.54 billion, a PE ratio of 11.52 and a beta of 0.98. Centerra Gold Inc. has a twelve month low of $4.47 and a twelve month high of $7.82. The firm's 50-day moving average price is $7.12 and its two-hundred day moving average price is $6.85.

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

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Thursday, August 15th. Centerra Gold's payout ratio is currently 31.75%.

Analysts Set New Price Targets

A number of research firms have issued reports on CGAU. CIBC reaffirmed a "neutral" rating and issued a $13.00 price objective (up previously from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Cibc World Mkts cut shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.