Edmond DE Rothschild Holding S.A. Has $15.88 Million Stake in Centerra Gold Inc. (NYSE:CGAU)

Edmond DE Rothschild Holding S.A. lowered its position in Centerra Gold Inc. (NYSE:CGAU) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,660,000 shares of the company’s stock after selling 140,000 shares during the period. Edmond DE Rothschild Holding S.A. owned 1.23% of Centerra Gold worth $15,879,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Centerra Gold by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 20,482,153 shares of the company’s stock valued at $122,339,000 after acquiring an additional 244,155 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Centerra Gold by 27.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 9,879,956 shares of the company’s stock worth $58,885,000 after acquiring an additional 2,156,920 shares in the last quarter. Ruffer LLP grew its stake in shares of Centerra Gold by 18.5% in the 3rd quarter. Ruffer LLP now owns 8,547,150 shares of the company’s stock worth $42,371,000 after acquiring an additional 1,331,400 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Centerra Gold by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,031,893 shares of the company’s stock worth $39,356,000 after acquiring an additional 220,263 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Centerra Gold by 2.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,983,015 shares of the company’s stock worth $14,650,000 after buying an additional 69,169 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Centerra Gold Stock Up 2.0 %

Shares of CGAU stock traded up $0.14 during trading on Monday, hitting $7.02. The company had a trading volume of 327,500 shares, compared to its average volume of 422,730. The stock’s 50-day moving average is $6.28 and its two-hundred day moving average is $5.80. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 26.00 and a beta of 0.94. Centerra Gold Inc. has a 52 week low of $4.47 and a 52 week high of $7.51.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $305.88 million during the quarter. Centerra Gold had a return on equity of 5.61% and a net margin of 4.99%. During the same quarter last year, the business posted ($0.24) EPS. On average, research analysts predict that Centerra Gold Inc. will post 0.77 EPS for the current fiscal year.

Centerra Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, May 29th. Centerra Gold’s payout ratio is currently 77.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Centerra Gold in a report on Wednesday, February 21st. They issued an “outperform” rating on the stock. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Scotiabank upped their price objective on shares of Centerra Gold from $8.00 to $9.00 and gave the company a “sector outperform” rating in a report on Thursday. Finally, CIBC upped their price objective on shares of Centerra Gold from $9.50 to $11.00 and gave the company an “outperformer” rating in a report on Monday, April 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $9.34.

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.