Ruffer LLP Has $44.99 Million Stock Holdings in Centerra Gold Inc. (NYSE:CGAU)

Key Points

• Ruffer LLP reduced its stake in Centerra Gold by 0.7%, now holding 7,089,239 shares, which makes up about 1.7% of its total portfolio.
• Centerra Gold's recent quarterly earnings hit analysts' expectations with $0.12 earnings per share and revenues of $299.5 million, exceeding forecasts.
• The company declared a quarterly dividend of $0.07 per share, resulting in a dividend yield of 4.0%, although its payout ratio stands at 105.26%.

Ruffer LLP cut its position in shares of Centerra Gold Inc. (NYSE:CGAU - Free Report) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,089,239 shares of the company's stock after selling 51,606 shares during the quarter. Centerra Gold comprises 1.7% of Ruffer LLP's portfolio, making the stock its 15th biggest position. Ruffer LLP owned about 3.38% of Centerra Gold worth $44,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGAU. BNP Paribas Financial Markets acquired a new position in shares of Centerra Gold in the fourth quarter worth about $396,000. Raymond James Financial Inc. acquired a new stake in shares of Centerra Gold during the fourth quarter worth $268,000. Deutsche Bank AG boosted its stake in Centerra Gold by 91.5% in the fourth quarter. Deutsche Bank AG now owns 23,218 shares of the company's stock valued at $132,000 after acquiring an additional 11,093 shares during the period. Nuveen Asset Management LLC boosted its stake in Centerra Gold by 3.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,890,136 shares of the company's stock valued at $10,750,000 after acquiring an additional 57,609 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Centerra Gold by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 525,967 shares of the company's stock valued at $2,993,000 after acquiring an additional 71,028 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CGAU shares. Scotiabank reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Monday, April 14th. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. CIBC reaffirmed an "outperform" rating on shares of Centerra Gold in a report on Tuesday, July 15th. BMO Capital Markets lowered shares of Centerra Gold from an "outperform" rating to a "market perform" rating in a research note on Friday. Finally, National Bankshares restated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Centerra Gold currently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Centerra Gold Stock Performance

Shares of NYSE:CGAU traded down $0.42 during mid-day trading on Friday, hitting $7.12. The stock had a trading volume of 1,135,087 shares, compared to its average volume of 915,528. The company has a market cap of $1.45 billion, a PE ratio of 21.59, a P/E/G ratio of 0.49 and a beta of 0.80. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The company's 50 day moving average is $7.25 and its 200-day moving average is $6.68.

Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.17 by $0.08. The business had revenue of $288.30 million during the quarter, compared to the consensus estimate of $319.42 million. Centerra Gold had a net margin of 6.21% and a return on equity of 9.15%. On average, equities research analysts predict that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.9%. Centerra Gold's dividend payout ratio is presently 60.61%.

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.