Centerra Gold Inc. (TSE:CG) to Issue $0.07 Quarterly Dividend

Centerra Gold Inc. (TSE:CGGet Free Report) announced a quarterly dividend on Tuesday, May 14th, TickerTech reports. Stockholders of record on Wednesday, May 29th will be given a dividend of 0.07 per share on Wednesday, June 12th. This represents a $0.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, May 29th.

Centerra Gold Stock Performance

Shares of CG stock opened at C$9.59 on Monday. The stock has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.26 and a beta of 1.19. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.25. The company’s 50-day simple moving average is C$8.53 and its 200-day simple moving average is C$7.84. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.22.

Centerra Gold (TSE:CGGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The firm had revenue of C$462.92 million for the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. Equities analysts anticipate that Centerra Gold will post 0.887963 earnings per share for the current fiscal year.

Insider Transactions at Centerra Gold

In other news, Senior Officer Darren Millman sold 110,274 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets set a C$10.00 price objective on shares of Centerra Gold and gave the company an “outperform” rating in a research report on Wednesday, February 21st. Bank of America lifted their target price on Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. National Bankshares increased their price target on Centerra Gold from C$10.50 to C$11.00 in a research report on Friday, April 19th. CIBC raised their price target on Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$10.97.

Check Out Our Latest Research Report on CG

Centerra Gold Company Profile

(Get Free Report)

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.

See Also

Dividend History for Centerra Gold (TSE:CG)

Receive News & Ratings for Centerra Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerra Gold and related companies with MarketBeat.com's FREE daily email newsletter.