Centerra Gold (TSE:CG) Reaches New 12-Month High – Should You Buy?

Shares of Centerra Gold Inc. (TSE:CG) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$31.08 and last traded at C$30.27, with a volume of 883180 shares traded. The stock had previously closed at C$30.23.

Wall Street Analyst Weigh In

CG has been the topic of several research reports. Desjardins boosted their price objective on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. TD increased their target price on Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Raymond James Financial lifted their price target on Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price target on Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. Finally, ATB Cormark Capital Markets upped their price objective on Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.17.

Centerra Gold Stock Performance

The stock’s 50-day moving average price is C$23.68 and its 200 day moving average price is C$24.52. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.42 and a quick ratio of 3.24. The firm has a market cap of C$5.92 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83.

Centerra Gold (TSE:CG) last announced its earnings results on Tuesday, July 28th. The company reported C$0.55 EPS for the quarter. The business had revenue of C$629.00 million during the quarter. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 19th. Centerra Gold’s dividend payout ratio is currently 6.45%.

Insider Activity at Centerra Gold

In related news, Director Paul Nicholas Wright acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of C$22.31 per share, for a total transaction of C$111,550.00. Following the acquisition, the director directly owned 130,000 shares of the company’s stock, valued at approximately C$2,900,300. The trade was a 4.00% increase in their ownership of the stock. 0.21% of the stock is currently owned by corporate insiders.

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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.