Centerra Gold (CGAU) Set to Announce Earnings on Tuesday

Centerra Gold (NYSE:CGAU) is set to release its earnings data before the market opens on Tuesday, May 14th. Analysts expect Centerra Gold to post earnings of $0.22 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Centerra Gold had a positive return on equity of 0.62% and a negative net margin of 7.43%. The firm had revenue of $340.00 million during the quarter. On average, analysts expect Centerra Gold to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Centerra Gold Trading Up 4.1 %

Shares of CGAU stock opened at $6.38 on Tuesday. The company’s fifty day moving average price is $5.83 and its 200-day moving average price is $5.64. The stock has a market cap of $1.37 billion, a PE ratio of -17.24 and a beta of 0.94. Centerra Gold has a 12 month low of $4.47 and a 12 month high of $7.08.

Centerra Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a dividend of $0.0518 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.21 annualized dividend and a yield of 3.25%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s payout ratio is presently -40.54%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CGAU shares. BMO Capital Markets initiated coverage on shares of Centerra Gold in a report on Wednesday, February 21st. They set an “outperform” rating for the company. National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. Finally, CIBC increased their target price on Centerra Gold from $9.50 to $11.00 and gave the stock an “outperformer” rating in a research note on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Centerra Gold has an average rating of “Buy” and a consensus price target of $9.78.

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.