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

Shares of Centerra Gold Inc. (TSE:CG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$18.00 and last traded at C$17.96, with a volume of 266029 shares. The stock had previously closed at C$17.42.

Wall Street Analyst Weigh In

CG has been the topic of several research reports. Canaccord Genuity Group upped their price objective on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. CIBC upped their target price on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. BMO Capital Markets lifted their price objective on Centerra Gold from C$10.00 to C$14.00 in a research note on Monday, September 15th. Raymond James Financial upped their price target 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. Finally, Royal Bank Of Canada lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$15.09.

Centerra Gold Stock Performance

The stock has a fifty day moving average of C$16.01 and a 200-day moving average of C$12.24. The firm has a market capitalization of C$3.67 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.26 and a beta of 1.60. 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 issued its quarterly earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share for the quarter. Centerra Gold had a net margin of 8.32% and a return on equity of 6.06%. The company had revenue of C$550.23 million during the quarter.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Centerra Gold’s payout ratio 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.