Centerra Gold Inc. (NYSE:CGAU) Short Interest Up 17.1% in January

Centerra Gold Inc. (NYSE:CGAU) saw a significant 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. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 886,700 shares, the short-interest ratio is currently 3.9 days.

Centerra Gold Stock Down 3.3 %

CGAU traded down $0.22 during trading on Monday, reaching $6.40. The company’s stock had a trading volume of 562,400 shares, compared to its average volume of 653,000. The firm has a fifty day simple moving average of $6.03 and a two-hundred day simple moving average of $6.51. Centerra Gold has a 1 year low of $4.88 and a 1 year high of $7.82. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 13.32 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC purchased a new stake in Centerra Gold in the third quarter valued at approximately $57,000. SG Americas Securities LLC acquired a new position in shares of Centerra Gold during the fourth quarter worth $59,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Centerra Gold during the fourth quarter worth $60,000. Susquehanna Advisors Group Inc. acquired a new position in shares of Centerra Gold during the fourth quarter worth $61,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Centerra Gold during the third quarter worth $89,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CGAU has been the subject of a number of research reports. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday. Scotiabank lowered their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.00.

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.