Centerra Gold (TSE:CG) Reaches New 1-Year High – Time to Buy?

Centerra Gold Inc. (TSE:CG)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$27.86 and last traded at C$27.82, with a volume of 110046 shares traded. The stock had previously closed at C$27.44.

Analyst Upgrades and Downgrades

CG has been the topic of several analyst reports. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Raymond James Financial lifted their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. TD Securities upped their price target on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$22.00.

Centerra Gold Trading Up 1.5%

The stock has a market cap of C$5.62 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. The firm’s 50 day simple moving average is C$23.37 and its two-hundred day simple moving average is C$17.89. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Thursday, February 19th. The company reported C$0.56 EPS for the quarter. The business had revenue of C$531.63 million during the quarter. Centerra Gold had a net margin of 8.32% and a return on equity of 6.06%.

About Centerra Gold

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.