Centerra Gold (NYSE:CGAU) Announces Quarterly Earnings Results

Centerra Gold (NYSE:CGAU) released its quarterly earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03), Zacks reports. Centerra Gold had a net margin of 8.31% and a return on equity of 10.34%.

Centerra Gold Stock Performance

CGAU stock traded up $0.20 during midday trading on Thursday, reaching $6.65. The stock had a trading volume of 748,560 shares, compared to its average volume of 697,995. The stock has a market cap of $1.40 billion, a PE ratio of 13.84 and a beta of 0.91. The firm has a fifty day simple moving average of $6.05 and a two-hundred day simple moving average of $6.51. Centerra Gold has a 52-week low of $4.88 and a 52-week high of $7.82.

Centerra Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.07 dividend. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 4.21%. Centerra Gold’s dividend payout ratio (DPR) is 45.83%.

Analyst Upgrades and Downgrades

CGAU has been the topic of a number of research analyst reports. Scotiabank decreased their target price on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 15th. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.