BNP Paribas Financial Markets Takes Position in Centerra Gold Inc. (NYSE:CGAU)

BNP Paribas Financial Markets acquired a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 69,538 shares of the company's stock, valued at approximately $396,000.

A number of other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Centerra Gold in the fourth quarter valued at about $59,000. Massachusetts Financial Services Co. MA purchased a new stake in Centerra Gold in the 4th quarter worth about $60,000. Susquehanna Advisors Group Inc. purchased a new position in Centerra Gold in the 4th quarter valued at approximately $61,000. Wilmington Savings Fund Society FSB purchased a new position in Centerra Gold during the 4th quarter valued at about $80,000. Finally, Aquatic Capital Management LLC purchased a new position in Centerra Gold during the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Trading Down 1.1%

CGAU traded down $0.08 during trading hours on Friday, hitting $7.07. The company's stock had a trading volume of 88,953 shares, compared to its average volume of 879,986. The business's 50-day moving average price is $6.59 and its 200-day moving average price is $6.21. Centerra Gold Inc. has a 12 month low of $5.41 and a 12 month high of $7.82. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 19.68 and a beta of 0.80.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $299.50 million for the quarter, compared to analysts' expectations of $288.25 million. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. On average, analysts forecast 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. Shareholders of record on Thursday, May 22nd will be paid a $0.07 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 3.96%. Centerra Gold's dividend payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CGAU. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Thursday, February 13th. CIBC reaffirmed a "neutral" rating on shares of Centerra Gold in a research report on Thursday, March 20th. Scotiabank reissued an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Centerra Gold in a research note on Wednesday, April 23rd. Finally, National Bank Financial raised Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Centerra Gold presently has an average rating of "Moderate Buy" and an average target price of $12.00.

Centerra Gold 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.