Centerra Gold (TSE:CG) Sets New 52-Week High After Analyst Upgrade

Shares of Centerra Gold Inc. (TSE:CG) hit a new 52-week high during trading on Monday after CIBC raised their price target on the stock from C$21.00 to C$30.00. The stock 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.

Several other equities analysts also recently commented on the stock. TD Securities boosted their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Canaccord Genuity Group boosted their price target on shares of Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, Raymond James Financial lifted their target price on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$19.75.

Centerra Gold Trading Up 2.1%

The stock has a market cap of C$5.34 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.26 and a beta of 1.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The stock’s fifty day moving average is C$20.32 and its 200 day moving average is C$15.63.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C$1.43 earnings per share (EPS) for the quarter. The business had revenue of C$550.23 million for the quarter. Centerra Gold had a return on equity of 6.06% and a net margin of 8.32%.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Centerra Gold’s dividend payout ratio (DPR) is currently 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.