Centerra Gold (TSE:CG) Hits New 12-Month High on Analyst Upgrade

Shares of Centerra Gold Inc. (TSE:CG) reached a new 52-week high during mid-day trading on Monday after CIBC raised their price target on the stock from C$21.00 to C$30.00. The company traded as high as C$26.87 and last traded at C$26.65, with a volume of 258149 shares trading hands. The stock had previously closed at C$25.19.

Other analysts also recently issued research reports about the stock. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Canaccord Genuity Group raised their price target on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Raymond James Financial lifted their price target on shares of 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. Finally, TD Securities boosted their price objective on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$19.75.

Centerra Gold Price Performance

The company has a market cap of C$5.24 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.26 and a beta of 1.67. The company’s 50-day moving average price is C$20.12 and its two-hundred day moving average price is C$15.51. 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 results on Tuesday, October 28th. The company reported C$1.43 EPS 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were given a $0.07 dividend. The ex-dividend date was Thursday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. 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.