Centerra Gold Inc. (CGAU) To Go Ex-Dividend on March 12th

Centerra Gold Inc. (NYSE:CGAU) declared a quarterly dividend on Thursday, February 19th. Investors of record on Thursday, March 12th will be paid a dividend of 0.07 per share on Thursday, March 26th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, March 12th.

Centerra Gold has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Centerra Gold to earn $0.70 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 28.6%.

Centerra Gold Stock Performance

Shares of NYSE:CGAU opened at $18.93 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.65 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.83. Centerra Gold has a 12 month low of $5.41 and a 12 month high of $21.17. The company has a 50-day moving average price of $17.69 and a 200-day moving average price of $13.63.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Thursday, February 19th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $355.39 million. Centerra Gold had a net margin of 42.18% and a return on equity of 12.42%. As a group, equities analysts anticipate that Centerra Gold will post 0.59 EPS for the current year.

About Centerra Gold

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.