Centerra Gold Inc. (CGAU) To Go Ex-Dividend on August 19th

Centerra Gold Inc. (NYSE:CGAU) announced a quarterly dividend on Tuesday, July 28th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Centerra Gold has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Centerra Gold to earn $1.90 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 10.5%.

Centerra Gold Trading Up 0.1%

Shares of NYSE:CGAU opened at $21.54 on Monday. Centerra Gold has a 52-week low of $6.99 and a 52-week high of $22.30. The company has a market capitalization of $4.22 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.80 and a beta of 0.80. The company has a 50-day simple moving average of $17.04 and a 200 day simple moving average of $17.76. 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 (NYSE:CGAU) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $442.71 million during the quarter, compared to analysts’ expectations of $394.27 million. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%. Sell-side analysts forecast that Centerra Gold will post 1.63 earnings per share for the current year.

Centerra Gold Company Profile

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.