Cubist Systematic Strategies LLC Sells 119,805 Shares of Centerra Gold Inc. (NYSE:CGAU)

Cubist Systematic Strategies LLC trimmed its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 64.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 66,836 shares of the company’s stock after selling 119,805 shares during the period. Cubist Systematic Strategies LLC’s holdings in Centerra Gold were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CGAU. Vanguard Personalized Indexing Management LLC boosted its stake in Centerra Gold by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock worth $96,000 after purchasing an additional 1,573 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Centerra Gold during the first quarter valued at $113,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Centerra Gold in the 2nd quarter valued at $131,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Centerra Gold in the 2nd quarter worth $154,000. Finally, Toronto Dominion Bank lifted its position in Centerra Gold by 184.6% during the 2nd quarter. Toronto Dominion Bank now owns 27,614 shares of the company’s stock worth $186,000 after acquiring an additional 17,912 shares during the period. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Performance

CGAU stock opened at $7.11 on Monday. The firm’s fifty day moving average is $6.98 and its 200 day moving average is $6.74. The firm has a market cap of $1.51 billion, a PE ratio of 11.29 and a beta of 0.98. Centerra Gold Inc. has a one year low of $4.47 and a one year high of $7.82.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The firm had revenue of $282.31 million during the quarter. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. During the same quarter in the prior year, the firm earned ($0.20) EPS. Research analysts predict that Centerra Gold Inc. will post 0.84 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.051 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.87%. Centerra Gold’s dividend payout ratio (DPR) is 31.75%.

Analysts Set New Price Targets

CGAU has been the subject of a number of research reports. CIBC reaffirmed a “neutral” rating and set a $13.00 target price (up previously from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.