Centerra Gold (TSE:CG) Hits New 52-Week High – Still a Buy?

Centerra Gold Inc. (TSE:CG)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$23.05 and last traded at C$22.94, with a volume of 51722 shares traded. The stock had previously closed at C$22.41.

Analysts Set New Price Targets

CG has been the subject of a number of recent analyst reports. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Canaccord Genuity Group raised their price target on Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Raymond James Financial upped 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 report on Thursday, October 30th. Finally, CIBC increased their price objective 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. Two 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 stock. According to MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and a consensus price target of C$15.09.

Centerra Gold Stock Up 2.5%

The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The stock has a market cap of C$4.63 billion, a P/E ratio of 14.26, a PEG ratio of 1.26 and a beta of 1.67. The firm has a 50-day simple moving average of C$19.19 and a two-hundred day simple moving average of C$14.89.

Centerra Gold (TSE:CG) last announced its earnings results on Tuesday, October 28th. The company reported C$1.43 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$550.23 million during the quarter.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, November 13th. Centerra Gold’s dividend payout ratio is presently 12.46%.

About Centerra Gold

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.