Centerra Gold (TSE:CG) Hits New 12-Month High – Here’s What Happened

Centerra Gold Inc. (TSE:CG) reached a new 52-week high during trading on Monday . The company traded as high as C$23.05 and last traded at C$22.94, with a volume of 51722 shares. The stock had previously closed at C$22.41.

Analysts Set New Price Targets

A number of research firms recently issued reports on CG. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday. CIBC raised their price target on shares of Centerra Gold from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Raymond James Financial upped their price objective on 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. Canaccord Genuity Group increased their price objective on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Finally, Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$15.09.

Centerra Gold Stock Performance

The company has a market capitalization of C$5.04 billion, a P/E ratio of 15.53, a P/E/G 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 fifty day moving average is C$19.47 and its 200 day moving average is C$15.08.

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

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were paid a $0.07 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.28 annualized dividend and a yield of 1.1%. Centerra Gold’s dividend payout ratio (DPR) is currently 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.