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Centerra Gold (TSE:CG) Reaches New 52-Week High - Should You Buy?

Centerra Gold logo with Basic Materials background

Key Points

  • Centerra Gold Inc. reached a new 52-week high during trading, peaking at C$12.44 before closing at C$12.24 with a trading volume of over 1.88 million shares.
  • Equities analysts have mixed opinions on the stock, with Royal Bank of Canada increasing its price target to C$13.00, while BMO Capital Markets lowered their target significantly from C$14.00 to C$10.00.
  • The company declared a quarterly dividend of $0.07 per share, with an annualized yield of 2.3% and a dividend payout ratio of 59.31%.
  • Five stocks we like better than Centerra Gold.

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$12.44 and last traded at C$12.24, with a volume of 1886172 shares traded. The stock had previously closed at C$12.28.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lowered Centerra Gold from a "strong-buy" rating to a "hold" rating and cut their price objective for the stock from C$14.00 to C$10.00 in a research report on Friday, August 8th. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Raymond James Financial lifted their price target on Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada lowered Centerra Gold from a "moderate buy" rating to a "hold" rating and lifted their price target for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$11.90.

Get Our Latest Analysis on Centerra Gold

Centerra Gold Stock Up 0.2%

The stock has a 50 day simple moving average of C$10.44 and a 200-day simple moving average of C$9.67. The firm has a market cap of C$2.60 billion, a PE ratio of 37.68, a PEG ratio of 1.26 and a beta of 1.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a yield of 2.2%. Centerra Gold's payout ratio is presently 59.31%.

Centerra Gold Company Profile

(Get Free Report)

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.

See Also

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