Two Sigma Advisers LP Sells 668,000 Shares of Centerra Gold Inc. (NYSE:CGAU)

Two Sigma Advisers LP reduced its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,320,235 shares of the company's stock after selling 668,000 shares during the quarter. Two Sigma Advisers LP owned 0.63% of Centerra Gold worth $7,512,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Donald Smith & CO. Inc. grew its stake in shares of Centerra Gold by 30.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock valued at $49,634,000 after purchasing an additional 2,017,756 shares during the period. Vanguard Group Inc. grew its stake in shares of Centerra Gold by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 8,254,618 shares of the company's stock valued at $46,977,000 after purchasing an additional 76,544 shares during the period. Royal Bank of Canada grew its stake in shares of Centerra Gold by 7.2% during the 4th quarter. Royal Bank of Canada now owns 7,950,409 shares of the company's stock valued at $45,238,000 after purchasing an additional 530,601 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Centerra Gold by 24.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock valued at $33,028,000 after purchasing an additional 1,126,825 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Centerra Gold by 34.1% during the 4th quarter. American Century Companies Inc. now owns 3,291,860 shares of the company's stock valued at $18,733,000 after purchasing an additional 836,777 shares during the period. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Down 0.2%

NYSE CGAU traded down $0.02 during trading hours on Thursday, reaching $7.16. The company's stock had a trading volume of 106,116 shares, compared to its average volume of 888,807. The firm's 50-day moving average price is $6.57 and its 200-day moving average price is $6.20. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.82. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.88 and a beta of 0.80.

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

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 yield of 3.91%. The ex-dividend date is Thursday, May 22nd. Centerra Gold's payout ratio is 100.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CGAU shares. National Bankshares restated an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, February 26th. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.00.

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.