Centerra Gold (NYSE:CGAU) Releases Earnings Results

Centerra Gold (NYSE:CGAU) released its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 Up 3.0 %

Shares of NYSE:CGAU traded up $0.20 during trading on Thursday, reaching $6.65. 748,560 shares of the company’s stock traded hands, compared to its average volume of 697,995. Centerra Gold has a fifty-two week low of $4.88 and a fifty-two week high of $7.82. The firm has a market cap of $1.40 billion, a PE ratio of 13.84 and a beta of 0.91. The company has a 50-day simple moving average of $6.05 and a 200-day simple moving average of $6.51.

Centerra Gold Increases Dividend

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

Analysts Set New Price Targets

CGAU has been the subject of a number of recent research reports. Scotiabank reduced their price objective on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 15th. Desjardins lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

About Centerra Gold

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.