Centerra Gold (NYSE:CGAU) Announces Earnings Results

Centerra Gold (NYSE:CGAU - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03), Zacks reports. Centerra Gold had a return on equity of 8.83% and a net margin of 6.62%. The business had revenue of $302.40 million during the quarter, compared to analyst estimates of $316.92 million.

Centerra Gold Stock Performance

Shares of CGAU stock traded down $0.48 during trading hours on Friday, reaching $6.17. The company had a trading volume of 1,135,966 shares, compared to its average volume of 648,087. The stock's fifty day simple moving average is $6.07 and its 200 day simple moving average is $6.51. The company has a market capitalization of $1.30 billion, a P/E ratio of 17.15 and a beta of 0.91. Centerra Gold has a twelve month low of $4.88 and a twelve month high of $7.82.

Centerra Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.07 dividend. This is an increase from Centerra Gold's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.54%. Centerra Gold's dividend payout ratio is presently 61.11%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Desjardins downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Thursday, February 13th. Scotiabank dropped their target price on shares of Centerra Gold from $10.00 to $9.00 and set a "sector outperform" rating for the company in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.