BNP Paribas Financial Markets Has $7.77 Million Stock Holdings in Centerra Gold Inc. $CGAU

BNP Paribas Financial Markets increased its stake in Centerra Gold Inc. (NYSE:CGAU) by 183.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 540,483 shares of the company’s stock after acquiring an additional 349,936 shares during the quarter. BNP Paribas Financial Markets’ holdings in Centerra Gold were worth $7,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGAU. Cubist Systematic Strategies LLC acquired a new position in shares of Centerra Gold in the first quarter worth approximately $192,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Centerra Gold in the first quarter worth approximately $97,000. Goldman Sachs Group Inc. lifted its stake in shares of Centerra Gold by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,344,727 shares of the company’s stock worth $84,739,000 after acquiring an additional 4,853,494 shares during the period. Empowered Funds LLC acquired a new position in shares of Centerra Gold in the first quarter worth approximately $218,000. Finally, Geode Capital Management LLC increased its holdings in Centerra Gold by 20.3% in the second quarter. Geode Capital Management LLC now owns 767,536 shares of the company’s stock worth $5,534,000 after purchasing an additional 129,737 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CGAU. Wall Street Zen downgraded Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Centerra Gold in a report on Friday, March 27th. Zacks Research downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Scotiabank lifted their target price on Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.67.

Centerra Gold Trading Down 1.1%

Shares of CGAU stock opened at $15.41 on Wednesday. The company has a market cap of $3.06 billion, a P/E ratio of 4.97, a PEG ratio of 0.74 and a beta of 0.79. The stock has a 50 day simple moving average of $17.88 and a two-hundred day simple moving average of $16.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 2.41. Centerra Gold Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $21.17.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $484.70 million during the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a return on equity of 14.90% and a net margin of 40.32%. Research analysts forecast that Centerra Gold Inc. will post 1.79 earnings per share for the current year.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Centerra Gold’s payout ratio is currently 6.77%.

Centerra Gold Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.