Centerra Gold (TSE:CG) Reaches New 52-Week High – Here’s What Happened

Centerra Gold Inc. (TSE:CG)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$22.11 and last traded at C$21.88, with a volume of 36364 shares traded. The stock had previously closed at C$21.39.

Analysts Set New Price Targets

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

Centerra Gold Stock Performance

The firm has a market cap of C$4.45 billion, a P/E ratio of 13.71, a PEG ratio of 1.26 and a beta of 1.67. 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’s 50-day moving average is C$18.57 and its two-hundred day moving average is C$14.45.

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

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s dividend payout ratio is presently 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.