Centerra Gold (TSE:CG) Reaches New 52-Week High – Here’s Why

Centerra Gold Inc. (TSE:CG)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$21.33 and last traded at C$21.27, with a volume of 399534 shares traded. The stock had previously closed at C$20.32.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Canaccord Genuity Group boosted their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Raymond James Financial boosted their price objective on shares of Centerra Gold from C$16.50 to C$16.75 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Royal Bank Of Canada downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Finally, BMO Capital Markets boosted their price target on Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$15.09.

Centerra Gold Stock Performance

The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The company has a market cap of C$4.33 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.26 and a beta of 1.67. The firm has a 50 day simple moving average of C$18.47 and a 200-day simple moving average of C$14.30.

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

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were given a dividend of $0.07 per share. 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 1.3%. Centerra Gold’s dividend payout ratio (DPR) is presently 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.