BNP Paribas Financial Markets Purchases Shares of 69,538 Centerra Gold Inc. (NYSE:CGAU)

BNP Paribas Financial Markets bought a new stake in Centerra Gold Inc. (NYSE:CGAU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 69,538 shares of the company's stock, valued at approximately $396,000.

A number of other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in Centerra Gold by 2.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 181,755 shares of the company's stock valued at $1,036,000 after buying an additional 3,608 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Centerra Gold during the fourth quarter valued at $82,000. Susquehanna Advisors Group Inc. purchased a new position in Centerra Gold during the fourth quarter valued at $61,000. Hsbc Holdings PLC raised its stake in Centerra Gold by 6.5% during the fourth quarter. Hsbc Holdings PLC now owns 52,769 shares of the company's stock valued at $299,000 after buying an additional 3,201 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in Centerra Gold by 121.8% during the fourth quarter. Guggenheim Capital LLC now owns 371,645 shares of the company's stock valued at $2,115,000 after buying an additional 204,057 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.

Centerra Gold Price Performance

Centerra Gold stock traded up $0.12 during mid-day trading on Wednesday, reaching $7.16. 634,649 shares of the stock traded hands, compared to its average volume of 890,315. The stock has a market capitalization of $1.50 billion, a PE ratio of 19.89 and a beta of 0.80. Centerra Gold Inc. has a 12-month low of $5.41 and a 12-month high of $7.82. The business's 50-day moving average is $6.54 and its 200-day moving average is $6.20.

Centerra Gold (NYSE:CGAU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $299.50 million during 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%. Equities analysts anticipate that Centerra Gold Inc. will post 0.59 EPS for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, May 22nd. Centerra Gold's dividend payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

CGAU has been the subject of several recent analyst reports. Desjardins cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. CIBC restated a "neutral" rating on shares of Centerra Gold in a research note on Thursday, March 20th. Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Scotiabank restated an "outperform" rating on shares of Centerra Gold in a research note on Monday, April 14th. Finally, National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Centerra Gold currently 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.