Centerra Gold Inc. (NYSE:CGAU - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.052 per share on Wednesday, November 27th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Centerra Gold's previous quarterly dividend of $0.05.
Centerra Gold has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Centerra Gold to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 31.8%.
Centerra Gold Price Performance
Shares of NYSE:CGAU traded down $0.56 during midday trading on Friday, reaching $6.52. 1,642,666 shares of the company's stock were exchanged, compared to its average volume of 632,914. The firm's 50 day simple moving average is $7.09 and its two-hundred day simple moving average is $6.86. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 10.35 and a beta of 0.98. Centerra Gold has a fifty-two week low of $4.47 and a fifty-two week high of $7.82.
Centerra Gold (NYSE:CGAU - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. The firm 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 period in the previous year, the business posted ($0.20) earnings per share. Equities research analysts predict that Centerra Gold will post 0.84 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CGAU. Cibc World Mkts downgraded Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Desjardins raised Centerra Gold to a "moderate buy" rating in a research report on Thursday. Finally, CIBC reaffirmed a "neutral" rating and issued a $13.00 target price (up from $11.00) on shares of Centerra Gold in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.
Check Out Our Latest Stock Report on Centerra Gold
Centerra Gold Company Profile
(
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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.
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