Short Interest in Centerra Gold Inc. (NYSE:CGAU) Rises By 17.1%

Centerra Gold Inc. (NYSE:CGAU - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,420,000 shares, a growth of 17.1% from the January 15th total of 2,920,000 shares. Based on an average daily trading volume, of 886,700 shares, the short-interest ratio is presently 3.9 days. Currently, 1.6% of the shares of the company are short sold.

Centerra Gold Stock Down 0.1 %

Shares of CGAU traded down $0.01 during midday trading on Wednesday, hitting $6.43. The company's stock had a trading volume of 298,888 shares, compared to its average volume of 692,852. Centerra Gold has a one year low of $4.88 and a one year high of $7.82. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.39 and a beta of 0.91. The company's fifty day simple moving average is $6.04 and its two-hundred day simple moving average is $6.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CGAU. Donald Smith & CO. Inc. lifted its stake in Centerra Gold by 30.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 8,723,060 shares of the company's stock valued at $49,634,000 after purchasing an additional 2,017,756 shares during the last quarter. Amundi boosted its holdings in shares of Centerra Gold by 168.6% during the 4th quarter. Amundi now owns 2,628,623 shares of the company's stock valued at $15,377,000 after acquiring an additional 1,650,160 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Centerra Gold by 59.0% during the 3rd quarter. Bank of Montreal Can now owns 3,869,035 shares of the company's stock valued at $28,690,000 after acquiring an additional 1,435,794 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Centerra Gold by 36.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,390,005 shares of the company's stock worth $31,514,000 after acquiring an additional 1,175,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Centerra Gold by 24.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,808,773 shares of the company's stock worth $33,028,000 after purchasing an additional 1,126,825 shares in the last quarter. Institutional investors own 55.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Desjardins lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research report on Thursday, February 13th. Scotiabank reduced their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $11.00.

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.