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

Centerra Gold Inc. (TSE:CG) reached a new 52-week high on Monday . The stock traded as high as C$22.11 and last traded at C$21.88, with a volume of 36364 shares changing hands. The stock had previously closed at C$21.39.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group upped their target price on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. BMO Capital Markets upped their price objective on Centerra Gold from C$10.00 to C$14.00 in a research note on Monday, September 15th. CIBC lifted their target price 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. Raymond James Financial boosted their target price on shares of Centerra Gold from C$16.50 to C$16.75 and gave the stock a “market perform” rating in a report on Thursday, October 30th. Finally, Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$15.09.

Centerra Gold Trading Up 3.2%

The stock has a market cap of C$4.45 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The firm’s fifty day simple moving average is C$18.57 and its 200-day simple moving average is C$14.45.

Centerra Gold (TSE:CG) last posted its quarterly earnings data on Tuesday, October 28th. The company reported C$1.43 earnings per share for the quarter. The company 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 disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 13th. 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. 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.