Short Interest in Centerra Gold Inc. (NYSE:CGAU) Expands By 13.0%

Centerra Gold Inc. (NYSE:CGAU) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,440,000 shares, a growth of 13.0% from the October 15th total of 2,160,000 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 981,300 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of Centerra Gold

Several hedge funds and other institutional investors have recently bought and sold shares of CGAU. CWM LLC bought a new position in Centerra Gold during the 3rd quarter worth approximately $57,000. Capstone Investment Advisors LLC bought a new position in Centerra Gold during the third quarter worth $89,000. Vanguard Personalized Indexing Management LLC boosted its holdings 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 worth $96,000 after purchasing an additional 1,573 shares during the period. Virtu Financial LLC acquired a new position in Centerra Gold in the first quarter worth $113,000. Finally, HighTower Advisors LLC bought a new stake in Centerra Gold during the third quarter valued at $127,000. 55.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Centerra Gold Stock Up 3.3 %

Shares of Centerra Gold stock traded up $0.19 on Monday, hitting $5.97. 162,882 shares of the company’s stock traded hands, compared to its average volume of 652,143. 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 $1.26 billion, a P/E ratio of 12.04 and a beta of 0.98. The firm’s 50-day moving average is $6.94 and its 200 day moving average is $6.86.

Centerra Gold (NYSE:CGAU) last posted 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). The company had revenue of $323.93 million for the quarter. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%. During the same quarter last year, the business earned $0.20 EPS. Equities research analysts forecast that Centerra Gold will post 0.81 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 3.48%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is 43.75%.

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.