Centerra Gold (TSE:CG) Hits New 1-Year High – What’s Next?

Centerra Gold Inc. (TSE:CG) reached a new 52-week high during trading on Friday . The company traded as high as C$27.86 and last traded at C$27.82, with a volume of 110046 shares. The stock had previously closed at C$27.44.

Analyst Upgrades and Downgrades

CG has been the subject of several recent analyst reports. TD Securities lifted their price target on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce lifted their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Raymond James Financial upped their target price 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, BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$22.00.

Centerra Gold Price 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 business’s 50 day moving average price is C$23.54 and its 200 day moving average price is C$18.08. The stock has a market capitalization of C$5.78 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58.

Centerra Gold (TSE:CG) last issued its earnings results on Thursday, February 19th. The company reported C$0.56 earnings per share (EPS) for the quarter. The company had revenue of C$531.63 million for the quarter. Centerra Gold had a net margin of 8.32% and a return on equity of 6.06%.

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.