Centerra Gold Inc. Declares Quarterly Dividend of $0.07 (TSE:CG)

Centerra Gold Inc. (TSE:CG) declared a quarterly dividend on Thursday, August 1st, TickerTech reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.07 per share on Thursday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, August 15th.

Centerra Gold Trading Up 2.1 %

Shares of Centerra Gold stock opened at C$9.27 on Friday. The firm has a market capitalization of C$1.99 billion, a PE ratio of 25.75, a P/E/G ratio of 1.26 and a beta of 1.19. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.25. The firm’s 50-day moving average price is C$9.34 and its 200 day moving average price is C$8.39. The company has a current ratio of 3.22, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company had revenue of C$412.37 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. On average, sell-side analysts predict that Centerra Gold will post 0.887963 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent analyst reports. CIBC downgraded shares of Centerra Gold from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Bank of America raised their price target on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. National Bankshares raised their price target on shares of Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Cormark raised their price target on shares of Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. Finally, Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$11.46.

Insider Buying and Selling

In other news, Director Craig Stephen Macdougall acquired 10,500 shares of Centerra Gold stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of C$9.56 per share, for a total transaction of C$100,330.65. Insiders bought 11,012 shares of company stock valued at $105,101 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.