Centerra Gold (NYSE:CGAU) Releases Earnings Results, Misses Estimates By $0.03 EPS

Centerra Gold (NYSE:CGAU) announced its quarterly earnings results on Thursday. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03), Zacks reports. The business had revenue of $302.40 million for the quarter, compared to analysts’ expectations of $316.92 million. Centerra Gold had a net margin of 6.62% and a return on equity of 8.83%.

Centerra Gold Stock Down 7.2 %

Shares of Centerra Gold stock opened at $6.17 on Friday. The firm has a market cap of $1.30 billion, a PE ratio of 17.15 and a beta of 0.91. Centerra Gold has a 12-month low of $4.88 and a 12-month high of $7.82. The company’s fifty day simple moving average is $6.07 and its two-hundred day simple moving average is $6.51.

Centerra Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.54%. This is a positive change from Centerra Gold’s previous quarterly dividend of $0.05. Centerra Gold’s dividend payout ratio (DPR) is currently 61.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CGAU shares. Desjardins cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Thursday, February 13th. Scotiabank lowered their price objective on shares of Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Centerra Gold has a consensus rating of “Hold” and an average price target 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.