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

Centerra Gold Inc. (NYSE:CGAU) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,120,000 shares, a growth of 6.7% from the March 31st total of 1,050,000 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 461,200 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

CGAU has been the topic of several research analyst reports. CIBC upped their price objective on shares of Centerra Gold from $9.50 to $11.00 and gave the stock an “outperformer” rating in a research note on Monday, April 15th. BMO Capital Markets started coverage on shares of Centerra Gold in a research note on Wednesday, February 21st. They set an “outperform” rating on the stock. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $9.78.

Hedge Funds Weigh In On Centerra Gold

Several large investors have recently bought and sold shares of CGAU. Donald Smith & CO. Inc. lifted its holdings in Centerra Gold by 27.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 9,879,956 shares of the company’s stock valued at $58,885,000 after buying an additional 2,156,920 shares during the period. Pale Fire Capital SE lifted its holdings in Centerra Gold by 1,136.9% in the fourth quarter. Pale Fire Capital SE now owns 1,807,787 shares of the company’s stock valued at $10,774,000 after buying an additional 1,661,638 shares during the period. Mackenzie Financial Corp lifted its holdings in Centerra Gold by 91.9% in the third quarter. Mackenzie Financial Corp now owns 3,384,834 shares of the company’s stock valued at $15,775,000 after buying an additional 1,621,158 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Centerra Gold in the fourth quarter valued at approximately $9,540,000. Finally, Van ECK Associates Corp lifted its holdings in Centerra Gold by 7.6% in the first quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company’s stock valued at $130,191,000 after buying an additional 1,552,601 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Centerra Gold Trading Up 1.1 %

Shares of CGAU stock opened at $6.14 on Thursday. Centerra Gold has a 1 year low of $4.47 and a 1 year high of $7.08. The firm’s 50 day moving average is $5.78 and its 200-day moving average is $5.61.

Centerra Gold (NYSE:CGAU) last announced its earnings results on Thursday, February 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Centerra Gold had a positive return on equity of 0.62% and a negative net margin of 7.43%. The company had revenue of $340.00 million for the quarter. Equities research analysts anticipate that Centerra Gold will post 0.55 earnings per share for the current fiscal year.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.0518 dividend. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a yield of 3.38%. The ex-dividend date was Tuesday, March 12th. Centerra Gold’s dividend payout ratio is currently -43.24%.

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.