Centerra Gold (NYSE:CGAU) Sets New 52-Week High – Should You Buy?

Centerra Gold Inc. (NYSE:CGAU)’s share price hit a new 52-week high on Monday . The stock traded as high as $19.55 and last traded at $19.5520, with a volume of 286197 shares. The stock had previously closed at $18.36.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CGAU. Raymond James Financial reaffirmed a “market perform” rating on shares of Centerra Gold in a research note on Thursday, October 30th. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Centerra Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Centerra Gold currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Centerra Gold Stock Performance

The firm has a market capitalization of $3.77 billion, a PE ratio of 11.52, a P/E/G ratio of 0.48 and a beta of 0.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.89 and a quick ratio of 2.10. The business has a 50-day simple moving average of $14.38 and a 200-day simple moving average of $11.10.

Centerra Gold (NYSE:CGAU) last released its earnings results on Tuesday, October 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The firm had revenue of $395.20 million during the quarter, compared to analyst estimates of $314.74 million. Equities research analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is 12.20%.

Hedge Funds Weigh In On Centerra Gold

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its position in shares of Centerra Gold by 5.3% during the fourth quarter. CWM LLC now owns 16,300 shares of the company’s stock worth $234,000 after acquiring an additional 820 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its stake in Centerra Gold by 99.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 94,100 shares of the company’s stock worth $1,366,000 after purchasing an additional 47,000 shares in the last quarter. Baron Wealth Management LLC increased its holdings in Centerra Gold by 10.8% during the 4th quarter. Baron Wealth Management LLC now owns 25,981 shares of the company’s stock worth $373,000 after purchasing an additional 2,542 shares during the period. Burkett Financial Services LLC grew its position in shares of Centerra Gold by 27.5% during the 4th quarter. Burkett Financial Services LLC now owns 3,569 shares of the company’s stock worth $51,000 after buying an additional 769 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Centerra Gold by 146.2% during the third quarter. JPMorgan Chase & Co. now owns 1,367,172 shares of the company’s stock valued at $14,670,000 after buying an additional 811,803 shares during the period. 55.40% of the stock is currently owned by institutional investors.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.