Centerra Gold (CGAU) Set to Announce Quarterly Earnings on Thursday

Centerra Gold (NYSE:CGAU) is scheduled to be releasing its earnings data after the market closes on Thursday, August 1st. Analysts expect Centerra Gold to post earnings of $0.20 per share for the quarter.

Centerra Gold (NYSE:CGAU) last posted its earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $305.88 million during the quarter. Centerra Gold had a return on equity of 5.58% and a net margin of 4.99%. During the same period last year, the firm earned ($0.24) EPS. 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 Stock Up 0.5 %

CGAU opened at $6.66 on Wednesday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.65 and a beta of 0.98. The firm has a 50-day moving average price of $6.83 and a 200-day moving average price of $6.14. Centerra Gold has a twelve month low of $4.47 and a twelve month high of $7.51.

Centerra Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were paid a $0.051 dividend. This represents a $0.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, May 29th. Centerra Gold’s dividend payout ratio is presently 74.07%.

Analyst Ratings Changes

CGAU has been the topic of several research analyst reports. Scotiabank upped their price target on shares of Centerra Gold from $8.00 to $9.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 23rd. Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. Finally, CIBC reiterated a “neutral” rating and issued a $13.00 price objective (up previously from $11.00) on shares of Centerra Gold in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and an average price target of $9.80.

Centerra Gold Company Profile

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.