Centerra Gold (CGAU) Scheduled to Post Quarterly Earnings on Thursday

Centerra Gold (NYSE:CGAU) will post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Centerra Gold to post earnings of $0.22 per share for the quarter.

Centerra Gold (NYSE:CGAU) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. Centerra Gold had a return on equity of 10.72% and a net margin of 10.68%. The firm had revenue of $282.31 million during the quarter. During the same period last year, the business posted ($0.20) earnings per share. On average, analysts expect Centerra Gold to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at $7.32 on Wednesday. The stock’s 50-day moving average is $7.12 and its 200 day moving average is $6.85. Centerra Gold has a one year low of $4.47 and a one year high of $7.82. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 27.09 and a beta of 0.98.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.051 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s payout ratio is 74.07%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CGAU shares. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. CIBC reaffirmed a “neutral” rating and issued a $13.00 price target (up from $11.00) on shares of Centerra Gold in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and a consensus target price 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.