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

Centerra Gold Inc. (TSE:CG) hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$27.44.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Securities increased their target price on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Raymond James Financial upped their price target on 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. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Canadian Imperial Bank of Commerce increased their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Finally, BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and an average price target of C$22.00.

Centerra Gold Stock Up 1.5%

The stock has a market capitalization of C$5.62 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. The firm has a 50-day moving average of C$23.37 and a 200 day moving average of C$17.89. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold (TSE:CG) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.56 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 company had revenue of C$531.63 million for the quarter.

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.