Centerra Gold (CGAU) to Release Earnings on Tuesday

Centerra Gold (NYSE:CGAU) will be releasing 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 interested in listening to the company’s earnings conference call can do so using this link.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $340.00 million during the quarter. Centerra Gold had a negative net margin of 7.43% and a positive return on equity of 0.62%. 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 %

NYSE CGAU opened at $6.38 on Tuesday. The company has a 50 day moving average of $5.83 and a 200-day moving average of $5.64. Centerra Gold has a 1-year low of $4.47 and a 1-year high of $7.08. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -17.24 and a beta of 0.94.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were paid a $0.0518 dividend. The ex-dividend date was Tuesday, March 12th. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a dividend yield of 3.25%. Centerra Gold’s dividend payout ratio (DPR) is -40.54%.

Wall Street Analyst Weigh In

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