BNP Paribas Financial Markets Makes New Investment in Centerra Gold Inc. (NYSE:CGAU)

BNP Paribas Financial Markets acquired a new position in shares of Centerra Gold Inc. (NYSE:CGAU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 69,538 shares of the company’s stock, valued at approximately $396,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Centerra Gold in the 4th quarter worth about $59,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Centerra Gold during the 4th quarter valued at about $60,000. Susquehanna Advisors Group Inc. purchased a new position in shares of Centerra Gold during the 4th quarter worth about $61,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Centerra Gold in the fourth quarter worth approximately $80,000. Finally, Aquatic Capital Management LLC purchased a new stake in Centerra Gold in the fourth quarter valued at approximately $82,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CGAU shares. Desjardins lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Thursday, February 13th. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. National Bankshares reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, April 23rd. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Raymond James reissued an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Centerra Gold Stock Up 2.7%

CGAU opened at $6.96 on Monday. Centerra Gold Inc. has a 52-week low of $5.41 and a 52-week high of $7.82. The company has a 50 day moving average of $6.51 and a two-hundred day moving average of $6.19. The company has a market cap of $1.46 billion, a P/E ratio of 19.32 and a beta of 0.80.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Tuesday, May 6th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%. The business had revenue of $299.50 million for the quarter, compared to analyst estimates of $288.25 million. Research analysts anticipate that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, May 22nd. Centerra Gold’s payout ratio is 100.00%.

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.