Centerra Gold Inc. (CGAU) To Go Ex-Dividend on May 21st

Centerra Gold Inc. (NYSE:CGAU) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.07 per share on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, May 21st.

Centerra Gold has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Centerra Gold to earn $1.90 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 10.5%.

Centerra Gold Stock Performance

Centerra Gold stock opened at $17.41 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.48 billion, a P/E ratio of 5.62, a P/E/G ratio of 1.09 and a beta of 0.90. Centerra Gold has a 1-year low of $6.30 and a 1-year high of $21.17. The firm has a 50-day moving average of $18.50 and a 200-day moving average of $15.87.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $484.70 million for the quarter, compared to the consensus estimate of $373.47 million. Centerra Gold had a return on equity of 15.28% and a net margin of 40.32%. Sell-side analysts expect that Centerra Gold will post 1.72 EPS for the current year.

Analyst Upgrades and Downgrades

CGAU has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Friday, March 27th. Wall Street Zen cut shares of Centerra Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Zacks Research downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Scotiabank raised their target price on shares of Centerra Gold from $19.00 to $21.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.67.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.