Centerra Gold (NYSE:CGAU - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01), Zacks reports. The company had revenue of $305.88 million for the quarter. Centerra Gold had a positive return on equity of 0.62% and a negative net margin of 7.43%. During the same period in the previous year, the company posted ($0.24) earnings per share.
Centerra Gold Stock Performance
Shares of Centerra Gold stock traded up $0.18 during trading on Wednesday, hitting $6.72. 651,395 shares of the stock traded hands, compared to its average volume of 412,196. The stock has a market cap of $1.44 billion, a P/E ratio of -18.15 and a beta of 0.94. The company has a fifty day moving average price of $6.05 and a two-hundred day moving average price of $5.71. Centerra Gold has a twelve month low of $4.47 and a twelve month high of $6.85.
Centerra Gold Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a $0.051 dividend. This represents a $0.20 annualized dividend and a yield of 3.04%. The ex-dividend date is Wednesday, May 29th. Centerra Gold's payout ratio is currently -56.76%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CGAU shares. BMO Capital Markets began coverage on Centerra Gold in a research note on Wednesday, February 21st. They issued an "outperform" rating on the stock. National Bank Financial restated an "outperform overweight" rating on shares of Centerra Gold in a report on Monday, April 8th. Finally, CIBC lifted their price target on Centerra Gold from $9.50 to $11.00 and gave the company an "outperformer" rating in a report on Monday, April 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $9.78.
Read Our Latest Research Report on CGAU
About Centerra Gold
(
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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.
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