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

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) was the target of a large growth in short interest in 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. Based on an average trading volume of 461,200 shares, the short-interest ratio is presently 2.4 days. Approximately 0.5% of the company's shares are short sold.

Hedge Funds Weigh In On Centerra Gold

Several institutional investors and hedge funds have recently bought and sold shares of CGAU. Donald Smith & CO. Inc. lifted its position in shares of Centerra Gold by 27.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 9,879,956 shares of the company's stock worth $58,885,000 after buying an additional 2,156,920 shares during the last quarter. Pale Fire Capital SE increased its stake in Centerra Gold by 1,136.9% during the 4th 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 increased its stake in Centerra Gold by 91.9% during the 3rd 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 during the 4th quarter valued at about $9,540,000. Finally, Van ECK Associates Corp grew its stake in shares of Centerra Gold by 7.6% in the 1st quarter. Van ECK Associates Corp now owns 22,034,754 shares of the company's stock worth $130,191,000 after purchasing an additional 1,552,601 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Centerra Gold Trading Down 1.1 %

Shares of Centerra Gold stock traded down $0.07 on Thursday, reaching $6.06. 298,170 shares of the stock were exchanged, compared to its average volume of 409,221. Centerra Gold has a 1-year low of $4.47 and a 1-year high of $7.08. The business has a fifty day moving average price of $5.79 and a two-hundred day moving average price of $5.62. The firm has a market capitalization of $1.30 billion, a PE ratio of -16.38 and a beta of 0.94.

Centerra Gold (NYSE:CGAU - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 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. Research analysts expect that Centerra Gold will post 0.55 EPS for the current year.

Centerra Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a dividend of $0.0518 per share. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 12th. This represents a $0.21 annualized dividend and a dividend yield of 3.42%. Centerra Gold's dividend payout ratio is presently -43.24%.

Analysts Set New Price Targets

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

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.