Centerra Gold Inc. (NYSE:CGAU) Plans C$0.07 Quarterly Dividend

Centerra Gold Inc. (NYSE:CGAU) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.07 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 19th.

Centerra Gold has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Centerra Gold to earn $1.89 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 10.6%.

Centerra Gold Trading Up 7.3%

Shares of CGAU traded up $1.17 during trading hours on Wednesday, reaching $17.24. 1,170,394 shares of the company traded hands, compared to its average volume of 1,853,333. Centerra Gold has a 12 month low of $6.71 and a 12 month high of $21.17. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average price is $16.28 and its two-hundred day moving average price is $17.49. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.62 and a beta of 0.81.

Centerra Gold (NYSE:CGAU) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The business had revenue of $442.71 million during the quarter, compared to analyst estimates of $394.27 million. Equities research analysts predict that Centerra Gold will post 1.61 earnings per share for the current fiscal year.

About Centerra Gold

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.