Centerra Gold Inc. (NYSE:CGAU) Sees Significant Increase in Short Interest

Centerra Gold Inc. (NYSE:CGAUGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 553,500 shares, an increase of 7.5% from the February 29th total of 515,000 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 345,300 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Centerra Gold in a research note on Wednesday, February 21st. They set an “outperform” rating for the company. Raymond James decreased their price target on shares of Centerra Gold from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, December 29th. Finally, National Bank Financial restated an “outperform spec overweight” rating on shares of Centerra Gold in a research note on Wednesday, January 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of “Buy” and a consensus price target of $9.78.

Get Our Latest Stock Analysis on Centerra Gold

Centerra Gold Trading Up 1.3 %

Centerra Gold stock opened at $6.05 on Thursday. Centerra Gold has a 1-year low of $4.47 and a 1-year high of $7.71. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -16.35 and a beta of 0.98. The firm has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $5.45.

Centerra Gold (NYSE:CGAUGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. The business had revenue of $340.00 million during the quarter. On average, equities research analysts forecast that Centerra Gold will post 0.34 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a $0.0518 dividend. This represents a $0.21 annualized dividend and a yield of 3.42%. This is an increase from Centerra Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s dividend payout ratio (DPR) is presently -54.05%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new stake in shares of Centerra Gold during the 3rd quarter worth $31,000. Versor Investments LP bought a new stake in shares of Centerra Gold during the 3rd quarter worth $52,000. First Trust Advisors LP bought a new stake in shares of Centerra Gold during the 4th quarter worth $64,000. Heron Bay Capital Management bought a new stake in shares of Centerra Gold during the 4th quarter worth $77,000. Finally, Trexquant Investment LP bought a new stake in shares of Centerra Gold during the 3rd quarter worth $77,000. 55.40% of the stock is owned by institutional investors.

About Centerra Gold

(Get Free Report)

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.

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