Centerra Gold Inc. (NYSE:CGAU) Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in shares of Centerra Gold Inc. (NYSE:CGAU) by 6.5% during the 4th quarter, HoldingsChannel reports. The firm owned 52,769 shares of the company’s stock after buying an additional 3,201 shares during the quarter. Hsbc Holdings PLC’s holdings in Centerra Gold were worth $299,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its position in shares of Centerra Gold by 121.8% in the fourth quarter. Guggenheim Capital LLC now owns 371,645 shares of the company’s stock worth $2,115,000 after purchasing an additional 204,057 shares in the last quarter. XTX Topco Ltd purchased a new stake in Centerra Gold in the 4th quarter worth approximately $207,000. Barclays PLC grew its holdings in shares of Centerra Gold by 373.0% during the 4th quarter. Barclays PLC now owns 354,439 shares of the company’s stock valued at $2,018,000 after acquiring an additional 279,509 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Centerra Gold in the fourth quarter worth $268,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Centerra Gold by 39.4% during the fourth quarter. Renaissance Technologies LLC now owns 841,400 shares of the company’s stock worth $4,788,000 after acquiring an additional 237,800 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CGAU. CIBC reaffirmed a “neutral” rating on shares of Centerra Gold in a research report on Thursday, March 20th. Raymond James reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of Centerra Gold in a research report on Wednesday, April 23rd. Scotiabank restated an “outperform” rating on shares of Centerra Gold in a report on Monday, April 14th. Finally, Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Centerra Gold Trading Up 2.5 %

NYSE CGAU opened at $7.28 on Friday. Centerra Gold Inc. has a 1 year low of $5.41 and a 1 year high of $7.82. The company has a fifty day simple moving average of $6.34 and a 200 day simple moving average of $6.21. The company has a market cap of $1.53 billion, a P/E ratio of 20.22 and a beta of 0.80.

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

Centerra Gold Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 annualized dividend and a dividend yield of 3.85%. Centerra Gold’s dividend payout ratio is 52.78%.

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.