Centerra Gold (CG) Scheduled to Post Earnings on Thursday

Centerra Gold (TSE:CG - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Centerra Gold to post earnings of C$0.30 per share for the quarter.

Centerra Gold (TSE:CG - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, topping analysts' consensus estimates of C$0.22 by C$0.09. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. The company had revenue of C$386.27 million during the quarter.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$10.30 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The business has a 50-day moving average of C$9.62 and a two-hundred day moving average of C$9.25. The stock has a market capitalization of C$2.19 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.59.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.72%. Centerra Gold's payout ratio is presently 33.33%.

Insider Activity at Centerra Gold

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the company's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. In other Centerra Gold news, Senior Officer Claudia D'orazio sold 29,388 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CG. CIBC lowered Centerra Gold from an "outperform" rating to a "neutral" rating and boosted their price target for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Cibc World Mkts downgraded Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Canaccord Genuity Group boosted their target price on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Finally, Raymond James reduced their price objective on Centerra Gold from C$13.50 to C$13.00 and set an "outperform" rating on the stock in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$11.83.

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.