Ruffer LLP Decreases Stock Position in Centerra Gold Inc. $CGAU

Ruffer LLP lessened its stake in Centerra Gold Inc. (NYSE:CGAU) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,904,103 shares of the company’s stock after selling 1,249,206 shares during the period. Centerra Gold accounts for 3.5% of Ruffer LLP’s portfolio, making the stock its 8th largest holding. Ruffer LLP’s holdings in Centerra Gold were worth $63,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CGAU. Goldman Sachs Group Inc. lifted its position in Centerra Gold by 57.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock valued at $84,739,000 after purchasing an additional 4,853,494 shares during the period. Acadian Asset Management LLC lifted its stake in Centerra Gold by 26.2% in the second quarter. Acadian Asset Management LLC now owns 8,494,055 shares of the company’s stock valued at $61,027,000 after acquiring an additional 1,761,904 shares during the last quarter. Waratah Capital Advisors Ltd. grew its position in shares of Centerra Gold by 29.9% in the 2nd quarter. Waratah Capital Advisors Ltd. now owns 6,678,897 shares of the company’s stock valued at $48,155,000 after acquiring an additional 1,537,692 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Centerra Gold by 7.3% during 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, American Century Companies Inc. raised its holdings in shares of Centerra Gold by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 4,054,829 shares of the company’s stock valued at $29,211,000 after purchasing an additional 436,175 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Zacks Research cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Raymond James Financial reaffirmed a “market perform” rating on shares of Centerra Gold in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Centerra Gold in a research note on Monday, December 29th. Finally, BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Centerra Gold Price Performance

NYSE:CGAU opened at $20.03 on Thursday. Centerra Gold Inc. has a 52 week low of $5.41 and a 52 week high of $20.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.89. The firm’s 50-day simple moving average is $14.84 and its 200 day simple moving average is $11.33. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.50 and a beta of 0.87.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Tuesday, October 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The firm had revenue of $395.20 million for the quarter, compared to analyst estimates of $314.74 million. As a group, sell-side analysts predict that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.