Centerra Gold Inc. Announces Quarterly Dividend of $0.07 (TSE:CG)

Centerra Gold Inc. (TSE:CG) announced a quarterly dividend on Thursday, May 21st, TickerTech Dividends reports. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.07 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 21st.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$23.50 on Tuesday. The stock’s 50-day moving average price is C$24.98 and its two-hundred day moving average price is C$22.56. The company has a current ratio of 2.41, a quick ratio of 3.24 and a debt-to-equity ratio of 2.09. Centerra Gold has a 12-month low of C$8.88 and a 12-month high of C$28.97. The firm has a market cap of C$4.67 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.26 and a beta of 1.86.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.The firm had revenue of C$673.87 million for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CG shares. Canadian Imperial Bank of Commerce raised their price target on Centerra Gold from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada raised their price target on Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Raymond James Financial lifted their price objective on Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a research note on Wednesday, January 21st. Finally, TD Securities lifted their price objective on Centerra Gold from C$19.00 to C$30.00 in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$27.36.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.