D. E. Shaw & Co. Inc. Has $825,000 Stake in Centerra Gold Inc. (NYSE:CGAU)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 144,979 shares of the company's stock after selling 102,300 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.07% of Centerra Gold worth $825,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CGAU. SG Americas Securities LLC acquired a new position in shares of Centerra Gold during the fourth quarter worth about $59,000. Massachusetts Financial Services Co. MA acquired a new position in Centerra Gold during the 4th quarter worth approximately $60,000. Susquehanna Advisors Group Inc. acquired a new position in Centerra Gold during the 4th quarter worth approximately $61,000. Wilmington Savings Fund Society FSB purchased a new position in Centerra Gold in the 4th quarter worth approximately $80,000. Finally, Aquatic Capital Management LLC purchased a new position in Centerra Gold in the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Trading Down 0.4%

CGAU stock traded down $0.03 on Thursday, hitting $7.14. 406,604 shares of the company's stock traded hands, compared to its average volume of 883,085. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 19.83 and a beta of 0.80. Centerra Gold Inc. has a 1-year low of $5.41 and a 1-year high of $7.82. The stock has a fifty day moving average of $6.59 and a 200-day moving average of $6.21.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The business had revenue of $299.50 million during the quarter, compared to analysts' expectations of $288.25 million. On average, equities research analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 22nd. Centerra Gold's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CGAU. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Raymond James reissued an "outperform" rating on shares of Centerra Gold in a research report on Friday, April 4th. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

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.