Centerra Gold Inc. (NYSE:CGAU) Short Interest Update

Centerra Gold Inc. (NYSE:CGAU) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,530,000 shares, a growth of 5.9% from the December 15th total of 2,390,000 shares. Based on an average trading volume of 922,400 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.2% of the shares of the stock are short sold.

Centerra Gold Stock Down 0.3 %

Shares of Centerra Gold stock traded down $0.02 during midday trading on Friday, hitting $5.83. The company’s stock had a trading volume of 653,238 shares, compared to its average volume of 932,529. Centerra Gold has a 1-year low of $4.47 and a 1-year high of $7.82. The firm has a market capitalization of $1.22 billion, a P/E ratio of 12.14 and a beta of 0.90. The stock has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $6.57.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. The business had revenue of $323.93 million for the quarter. During the same period in the previous year, the firm earned $0.20 EPS. As a group, sell-side analysts predict that Centerra Gold will post 0.77 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.052 per share. This is a boost from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s payout ratio is currently 45.83%.

Institutional Trading of Centerra Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its stake in Centerra Gold by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,384 shares of the company’s stock valued at $96,000 after purchasing an additional 1,573 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Centerra Gold by 4.1% in the 2nd quarter. Hsbc Holdings PLC now owns 48,101 shares of the company’s stock valued at $325,000 after buying an additional 1,895 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Centerra Gold by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company’s stock worth $1,199,000 after buying an additional 2,120 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Centerra Gold by 8.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,308 shares of the company’s stock valued at $419,000 after acquiring an additional 4,373 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Centerra Gold by 22.8% in the third quarter. Toronto Dominion Bank now owns 33,921 shares of the company’s stock valued at $243,000 after acquiring an additional 6,307 shares during the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CGAU shares. Desjardins raised Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Scotiabank reduced their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Centerra Gold Company 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.