Centerra Gold Inc. (NYSE:CGAU) Plans Quarterly Dividend of C$0.07

Centerra Gold Inc. (NYSE:CGAU) declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 19th will be given a dividend of C$0.07 per share on Wednesday, December 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 19th.

Centerra Gold has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Centerra Gold to earn $1.97 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.2%.

Centerra Gold Stock Performance

Centerra Gold stock traded down $0.58 during trading on Friday, reaching $19.85. The company had a trading volume of 832,976 shares, compared to its average volume of 1,698,484. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. Centerra Gold has a 52 week low of $11.13 and a 52 week high of $24.52. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.84. The firm’s 50-day simple moving average is $22.26 and its 200 day simple moving average is $18.93.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, October 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%. The company had revenue of $500.30 million for the quarter, compared to the consensus estimate of $440.83 million. Sell-side analysts forecast that Centerra Gold will post 1.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CGAU shares. Weiss Ratings raised Centerra Gold from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Scotiabank reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Wall Street Zen downgraded Centerra Gold from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research cut shares of Centerra Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Centerra Gold in a report on Friday, October 16th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based mining company focused on the acquisition, exploration, development and operation of gold and copper properties. The company produces gold doré and copper-gold concentrate from its operating mines and manages related processing, infrastructure and exploration activities.

Centerra’s principal assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. The company also owns the Kemess project in British Columbia, which is being advanced as a potential copper-gold development project.