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

Key Points

• Centerra Gold shares reached a new 52-week high, trading at C$13.18, which reflects a significant rise from its previous close of C$12.74.
• Analysts have revised their price targets for Centerra Gold, with BMO Capital Markets setting a target of C$14.00, while a consensus rating suggests a "Moderate Buy" status.
• The company announced a quarterly dividend of $0.07 per share, representing an annualized yield of 2.1%, with a current payout ratio of 59.31%.

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$13.18 and last traded at C$13.13, with a volume of 597845 shares traded. The stock had previously closed at C$12.74.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Centerra Gold from C$10.00 to C$14.00 in a research note on Monday. Raymond James Financial increased their target price on shares of Centerra Gold from C$13.00 to C$13.50 in a research note on Thursday, August 21st. Royal Bank Of Canada lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating and increased their target price for the stock from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. Finally, Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Centerra Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.47.

Centerra Gold Stock Up 3.1%

The firm's 50-day moving average price is C$10.66 and its 200-day moving average price is C$9.77. The company has a market cap of C$2.67 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth 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 company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's dividend payout ratio (DPR) is presently 59.31%.

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.

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