Ruffer LLP Sells 70,000 Shares of Centerra Gold Inc. (NYSE:CGAU)

Ruffer LLP lowered its stake in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,140,845 shares of the company's stock after selling 70,000 shares during the period. Centerra Gold makes up 1.5% of Ruffer LLP's portfolio, making the stock its 21st biggest position. Ruffer LLP owned approximately 3.40% of Centerra Gold worth $40,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Centerra Gold during the fourth quarter worth about $59,000. Capstone Investment Advisors LLC acquired a new stake in Centerra Gold during the 3rd quarter worth approximately $89,000. Wilmington Savings Fund Society FSB bought a new position in Centerra Gold in the fourth quarter valued at approximately $80,000. HighTower Advisors LLC acquired a new position in shares of Centerra Gold in the third quarter valued at approximately $127,000. Finally, Verition Fund Management LLC bought a new stake in shares of Centerra Gold during the third quarter worth $206,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CGAU has been the topic of a number of recent research reports. Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Desjardins cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Scotiabank reduced their price objective on Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Centerra Gold presently has a consensus rating of "Hold" and a consensus target price of $11.00.

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Centerra Gold Stock Performance

Shares of NYSE CGAU traded up $0.16 during mid-day trading on Thursday, reaching $5.82. The company had a trading volume of 2,156,134 shares, compared to its average volume of 761,572. The business's 50-day simple moving average is $6.09 and its 200 day simple moving average is $6.40. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 16.15 and a beta of 0.92. Centerra Gold Inc. has a one year low of $5.46 and a one year high of $7.82.

Centerra Gold (NYSE:CGAU - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $302.40 million for the quarter, compared to the consensus estimate of $316.92 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. On average, sell-side analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 4.82%. This is a positive change from Centerra Gold's previous quarterly dividend of $0.05. Centerra Gold's payout ratio is currently 52.78%.

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.