Centerra Gold Inc. (NYSE:CGAU) Shares Set to Pay Quarterly Dividend of C$0.07

Centerra Gold Inc. (NYSE:CGAU) declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 19th will be paid a dividend of C$0.07 per share on Wednesday, December 2nd. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 19th.

Centerra Gold has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Centerra Gold to earn $1.97 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.2%.

Centerra Gold Trading Down 2.5%

CGAU traded down $0.52 during trading on Friday, reaching $19.91. 883,583 shares of the company’s stock were exchanged, compared to its average volume of 1,698,610. The company’s fifty day moving average price is $22.26 and its 200-day moving average price is $18.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42. Centerra Gold has a fifty-two week low of $11.13 and a fifty-two week high of $24.52. The firm has a market capitalization of $3.89 billion, a PE ratio of 6.34, a P/E/G ratio of 1.98 and a beta of 0.84.

Centerra Gold (NYSE:CGAU) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $500.30 million during the quarter, compared to analyst estimates of $440.83 million. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%. As a group, equities analysts forecast that Centerra Gold will post 1.52 EPS for the current year.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based mining company focused on the acquisition, exploration, development and operation of gold and copper properties. The company produces gold doré and copper-gold concentrate from its operating mines and manages related processing, infrastructure and exploration activities.

Centerra’s principal assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. The company also owns the Kemess project in British Columbia, which is being advanced as a potential copper-gold development project.