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

Ruffer LLP trimmed its stake in shares of Centerra Gold Inc. (NYSE:CGAU) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,140,845 shares of the company’s stock after selling 70,000 shares during the period. Centerra Gold comprises 1.5% of Ruffer LLP’s holdings, making the stock its 21st biggest position. Ruffer LLP’s holdings in Centerra Gold were worth $40,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CGAU. SG Americas Securities LLC purchased a new position in shares of Centerra Gold during the fourth quarter valued at about $59,000. Wilmington Savings Fund Society FSB bought a new position in Centerra Gold during the fourth quarter valued at approximately $80,000. Capstone Investment Advisors LLC purchased a new position in Centerra Gold during the 3rd quarter valued at approximately $89,000. HighTower Advisors LLC bought a new stake in Centerra Gold in the 3rd quarter worth approximately $127,000. Finally, Entropy Technologies LP purchased a new stake in shares of Centerra Gold during the 4th quarter worth approximately $177,000. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Stock Down 2.5 %

Shares of CGAU opened at $5.77 on Friday. The business has a fifty day moving average of $6.10 and a 200 day moving average of $6.44. The company has a market cap of $1.21 billion, a PE ratio of 16.01 and a beta of 0.92. Centerra Gold Inc. has a 52-week low of $5.46 and a 52-week high of $7.82.

Centerra Gold (NYSE:CGAU) last released its earnings results on Thursday, February 20th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The firm had revenue of $302.40 million during the quarter, compared to the consensus estimate of $316.92 million. As a group, research analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.07 per share. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.86%. Centerra Gold’s dividend payout ratio is currently 52.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Scotiabank dropped their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 15th. Finally, Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Centerra Gold presently has a consensus rating of “Hold” and a consensus target price 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.