Centerra Gold (TSE:CG) Reaches New 12-Month High – Time to Buy?

Shares of Centerra Gold Inc. (TSE:CG) reached a new 52-week high on Friday . The company traded as high as C$20.00 and last traded at C$20.04, with a volume of 2087057 shares changing hands. The stock had previously closed at C$19.24.

Analyst Ratings Changes

CG has been the topic of several recent research reports. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. BMO Capital Markets lifted their price target on shares of Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. CIBC upped their target price on Centerra Gold from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Raymond James Financial increased their target price on Centerra Gold from C$16.50 to C$16.75 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group lifted their price target on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$15.09.

Centerra Gold Trading Up 4.2%

The business’s 50-day simple moving average is C$17.20 and its two-hundred day simple moving average is C$13.22. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The company has a market capitalization of C$4.04 billion, a PE ratio of 12.45, a PEG ratio of 1.26 and a beta of 1.59.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share (EPS) for the quarter. The business had revenue of C$550.23 million during the quarter. Centerra Gold had a net margin of 8.32% and a return on equity of 6.06%.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Centerra Gold’s payout ratio is 12.46%.

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.