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

Centerra Gold Inc. (NYSE:CGAU) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,890,000 shares, an increase of 18.4% from the October 31st total of 2,440,000 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 966,000 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analyst Weigh In

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Centerra Gold has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC purchased a new position in Centerra Gold during the third quarter worth about $57,000. Capstone Investment Advisors LLC purchased a new stake in Centerra Gold in the third quarter valued at approximately $89,000. Vanguard Personalized Indexing Management LLC lifted its position in Centerra Gold by 12.3% during 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 during the last quarter. HighTower Advisors LLC purchased a new position in Centerra Gold in the 3rd quarter worth approximately $127,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Centerra Gold during the 2nd quarter valued at $131,000. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 3.4 %

Shares of CGAU traded up $0.20 on Tuesday, reaching $6.15. 113,765 shares of the company’s stock traded hands, compared to its average volume of 655,814. Centerra Gold has a 52-week low of $4.47 and a 52-week high of $7.82. The stock has a market cap of $1.30 billion, a PE ratio of 12.40 and a beta of 0.89. The stock’s 50 day simple moving average is $6.78 and its two-hundred day simple moving average is $6.83.

Centerra Gold (NYSE:CGAU) last released its earnings results on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $323.93 million during the quarter. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%. During the same period in the prior year, the company earned $0.20 earnings per share. Analysts forecast that Centerra Gold will post 0.79 earnings per share for the current year.

Centerra Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.38%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s payout ratio is presently 43.75%.

About Centerra Gold

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.