UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Centerra Gold Inc. (NYSE:CGAU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,468 shares of the company's stock after selling 44,884 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Centerra Gold worth $1,385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Centerra Gold in the fourth quarter valued at about $59,000. Massachusetts Financial Services Co. MA bought a new position in shares of Centerra Gold during the fourth quarter valued at approximately $60,000. Susquehanna Advisors Group Inc. bought a new position in shares of Centerra Gold during the fourth quarter valued at approximately $61,000. OMERS ADMINISTRATION Corp purchased a new position in Centerra Gold during the fourth quarter valued at approximately $79,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Centerra Gold in the fourth quarter worth approximately $80,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CGAU. Raymond James reissued an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a research report on Monday, April 14th. Cormark cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. CIBC reiterated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Finally, Desjardins cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.00.

Centerra Gold Stock Up 2.6%

Shares of Centerra Gold stock traded up $0.18 during midday trading on Thursday, hitting $7.23. The company had a trading volume of 1,560,812 shares, compared to its average volume of 895,376. The company has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $6.29. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 20.08 and a beta of 0.82. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The business had revenue of $299.50 million during the quarter, compared to the consensus estimate of $288.25 million. As a group, analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Thursday, May 22nd. Centerra Gold's dividend payout ratio is presently 105.26%.

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.