Donald Smith & CO. Inc. Has $58.05 Million Stake in Centerra Gold Inc. $CGAU

Donald Smith & CO. Inc. lessened its holdings in shares of Centerra Gold Inc. (NYSE:CGAU) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,050,840 shares of the company’s stock after selling 236,001 shares during the period. Centerra Gold accounts for about 1.4% of Donald Smith & CO. Inc.’s portfolio, making the stock its 29th largest position. Donald Smith & CO. Inc.’s holdings in Centerra Gold were worth $58,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capula Management Ltd bought a new stake in shares of Centerra Gold during the second quarter worth $137,000. Diametric Capital LP acquired a new position in Centerra Gold during the 2nd quarter valued at about $112,000. Invesco Ltd. lifted its holdings in Centerra Gold by 20.1% in the second quarter. Invesco Ltd. now owns 2,619,837 shares of the company’s stock valued at $18,889,000 after buying an additional 439,116 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Centerra Gold by 7.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,530,167 shares of the company’s stock worth $47,077,000 after purchasing an additional 443,441 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Centerra Gold by 15.9% during the second quarter. Quantbot Technologies LP now owns 117,567 shares of the company’s stock worth $848,000 after buying an additional 16,092 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a report on Thursday, October 23rd. Royal Bank Of Canada downgraded shares of Centerra Gold from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $13.00 to $14.00 in a research note on Wednesday, September 10th. Zacks Research upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Wall Street Zen raised shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Centerra Gold in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

Centerra Gold Price Performance

Centerra Gold stock opened at $13.21 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $11.85 and its 200-day moving average is $9.13. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $13.52. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.50 and a beta of 0.88.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Tuesday, October 28th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $395.20 million for the quarter, compared to analysts’ expectations of $314.74 million. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. Equities research analysts expect that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, November 13th. Centerra Gold’s payout ratio is currently 12.20%.

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.