Centerra Gold Inc. (NYSE:CGAU) Short Interest Up 10.3% in September

Centerra Gold Inc. (NYSE:CGAU) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 2,040,000 shares, an increase of 10.3% from the August 31st total of 1,850,000 shares. Based on an average trading volume of 838,000 shares, the short-interest ratio is currently 2.4 days. Currently, 1.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts have commented on CGAU shares. Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. CIBC reissued a “neutral” rating and issued a $13.00 price target (up previously from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Institutional Investors Weigh In On Centerra Gold

Institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp raised its position in shares of Centerra Gold by 111.3% in the second quarter. Mackenzie Financial Corp now owns 1,493,717 shares of the company’s stock valued at $10,046,000 after buying an additional 786,688 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Centerra Gold by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 178,489 shares of the company’s stock valued at $1,199,000 after purchasing an additional 2,120 shares in the last quarter. AXA S.A. acquired a new position in Centerra Gold during the second quarter valued at approximately $2,096,000. Toronto Dominion Bank raised its position in Centerra Gold by 184.6% during the second quarter. Toronto Dominion Bank now owns 27,614 shares of the company’s stock valued at $186,000 after purchasing an additional 17,912 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Centerra Gold by 94.6% during the second quarter. Marshall Wace LLP now owns 1,037,839 shares of the company’s stock valued at $6,974,000 after purchasing an additional 504,636 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Centerra Gold Trading Up 1.3 %

Shares of NYSE CGAU traded up $0.09 during mid-day trading on Tuesday, hitting $7.26. The company had a trading volume of 843,061 shares, compared to its average volume of 613,060. The company has a market capitalization of $1.55 billion, a PE ratio of 26.87 and a beta of 0.98. The firm has a 50-day simple moving average of $6.91 and a two-hundred day simple moving average of $6.66. Centerra Gold has a one year low of $4.47 and a one year high of $7.82.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $282.31 million during the quarter. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. During the same quarter in the previous year, the business earned ($0.20) EPS. Sell-side analysts expect that Centerra Gold will post 0.82 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s payout ratio is currently 74.07%.

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.