BNP PARIBAS ASSET MANAGEMENT Holding S.A. Invests $154,000 in Centerra Gold Inc. (NYSE:CGAU)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Centerra Gold Inc. (NYSE:CGAU) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,900 shares of the company’s stock, valued at approximately $154,000.

Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd raised its stake in shares of Centerra Gold by 118.5% during the 1st quarter. Quadrature Capital Ltd now owns 295,800 shares of the company’s stock worth $1,742,000 after purchasing an additional 160,400 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Centerra Gold by 309.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,275,800 shares of the company’s stock valued at $7,527,000 after acquiring an additional 964,294 shares during the period. Russell Investments Group Ltd. lifted its stake in Centerra Gold by 80.0% in the 1st quarter. Russell Investments Group Ltd. now owns 117,034 shares of the company’s stock valued at $692,000 after purchasing an additional 52,014 shares during the last quarter. National Bank of Canada FI grew its holdings in Centerra Gold by 3.9% during the fourth quarter. National Bank of Canada FI now owns 563,638 shares of the company’s stock worth $3,273,000 after purchasing an additional 21,219 shares during the period. Finally, Versor Investments LP increased its position in Centerra Gold by 900.0% during the fourth quarter. Versor Investments LP now owns 106,000 shares of the company’s stock worth $633,000 after buying an additional 95,400 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Centerra Gold Stock Performance

Shares of NYSE CGAU opened at $6.67 on Wednesday. Centerra Gold Inc. has a 52 week low of $4.47 and a 52 week high of $7.51. The stock’s fifty day moving average is $6.84 and its 200 day moving average is $6.43. The stock has a market capitalization of $1.43 billion, a P/E ratio of 24.69 and a beta of 0.98.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. Centerra Gold had a net margin of 10.68% and a return on equity of 10.72%. The business had revenue of $282.31 million for the quarter. During the same quarter in the prior year, the business posted ($0.20) EPS. Equities research analysts forecast that Centerra Gold Inc. will post 0.81 earnings per share for the current year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.051 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.06%. Centerra Gold’s dividend payout ratio (DPR) is currently 74.07%.

Analysts Set New Price Targets

Several brokerages have recently commented on CGAU. Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. CIBC reiterated a “neutral” rating and issued a $13.00 price objective (up from $11.00) on shares of Centerra Gold in a report on Wednesday, July 10th. Finally, Scotiabank raised their target price on shares of Centerra Gold from $8.00 to $9.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.80.

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.