Donald Smith & CO. Inc. Sells 436,219 Shares of Centerra Gold Inc. (NYSE:CGAU)

Key Points

• Donald Smith & CO. Inc. reduced its holdings in Centerra Gold Inc. by 5% in Q1, now owning approximately 3.95% of the company, valued at $52.62 million.
• Analysts have a consensus rating of "Moderate Buy" for Centerra Gold, with upgrades and downgrades leading to a current price target of $13.00.
• Centerra Gold recently announced a quarterly dividend of $0.07 per share, representing an annualized yield of 4.0%.

Donald Smith & CO. Inc. trimmed its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,286,841 shares of the company's stock after selling 436,219 shares during the period. Donald Smith & CO. Inc. owned approximately 3.95% of Centerra Gold worth $52,621,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Centerra Gold by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock worth $46,977,000 after buying an additional 76,544 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Centerra Gold by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 525,967 shares of the company's stock worth $2,993,000 after acquiring an additional 71,028 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Centerra Gold by 90.2% during the fourth quarter. Russell Investments Group Ltd. now owns 896,254 shares of the company's stock worth $5,098,000 after purchasing an additional 425,041 shares during the period. Invesco Ltd. boosted its holdings in shares of Centerra Gold by 11.3% during the fourth quarter. Invesco Ltd. now owns 1,586,047 shares of the company's stock worth $9,025,000 after purchasing an additional 160,507 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Centerra Gold by 6.0% during the fourth quarter. Legal & General Group Plc now owns 673,664 shares of the company's stock worth $3,832,000 after purchasing an additional 37,862 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Performance

Centerra Gold stock traded down $0.05 during trading hours on Wednesday, reaching $7.10. 197,989 shares of the company's stock traded hands, compared to its average volume of 923,780. Centerra Gold Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.82. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 0.45 and a beta of 0.80. The firm's 50 day moving average is $7.23 and its 200-day moving average is $6.71.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Centerra Gold had a net margin of 6.21% and a return on equity of 9.12%. The company had revenue of $288.30 million for the quarter, compared to the consensus estimate of $319.42 million. Analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.9%. Centerra Gold's dividend payout ratio is 60.61%.

Wall Street Analyst Weigh In

CGAU has been the subject of a number of analyst reports. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. CIBC reissued an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. BMO Capital Markets lowered shares of Centerra Gold from an "outperform" rating to a "market perform" rating in a report on Friday. National Bankshares reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of Centerra Gold from a "hold" rating to a "buy" rating in a research report on Saturday. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Centerra Gold currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Centerra Gold 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.