Centerra Gold Inc. (CGAU) To Go Ex-Dividend on May 21st

Centerra Gold Inc. (NYSE:CGAU) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.07 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, May 21st.

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 $1.93 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 10.4%.

Centerra Gold Price Performance

Centerra Gold stock opened at $17.05 on Tuesday. Centerra Gold has a 52-week low of $6.53 and a 52-week high of $21.17. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 5.50, a PEG ratio of 0.81 and a beta of 0.80. The company has a fifty day simple moving average of $18.19 and a 200-day simple moving average of $16.38. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06.

Centerra Gold (NYSE:CGAU) last released its earnings results on Wednesday, April 29th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The business had revenue of $484.70 million during the quarter, compared to analyst estimates of $373.47 million. On average, equities analysts anticipate that Centerra Gold will post 1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Burkett Financial Services LLC purchased a new position in Centerra Gold during the third quarter worth about $30,000. TD Waterhouse Canada Inc. boosted its stake in Centerra Gold by 1,106.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,980 shares of the company’s stock worth $33,000 after buying an additional 2,733 shares during the period. Osaic Holdings Inc. boosted its stake in Centerra Gold by 63.0% during the second quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock worth $34,000 after buying an additional 1,839 shares during the period. Global Retirement Partners LLC purchased a new position in Centerra Gold during the fourth quarter worth about $36,000. Finally, Leonteq Securities AG purchased a new position in Centerra Gold during the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.