Centerra Gold (TSE:CG) Sets New 1-Year High - Should You Buy?

Key Points

• Centerra Gold's shares reached a new 52-week high of C$10.90, closing at C$10.89, with a trading volume of 17,871 shares.
• Analysts have provided mixed ratings on Centerra Gold, with two strong buy ratings, three buy ratings, and four hold ratings; the current consensus price target is C$11.76.
• The company declared a quarterly dividend of $0.07, translating to an annualized dividend of $0.28 and a yield of 2.6%, set to be paid on September 4th.

Centerra Gold Inc. (TSE:CG - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as C$10.90 and last traded at C$10.89, with a volume of 17871 shares traded. The stock had previously closed at C$10.75.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CG. Raymond James Financial raised their price target on Centerra Gold from C$13.00 to C$13.50 in a report on Thursday, August 21st. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. BMO Capital Markets downgraded Centerra Gold from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from C$14.00 to C$10.00 in a research report on Friday, August 8th. Finally, Royal Bank Of Canada increased their price objective on Centerra Gold from C$12.00 to C$13.00 in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$11.76.

Centerra Gold Stock Up 4.3%

The stock has a 50-day simple moving average of C$10.04 and a two-hundred day simple moving average of C$9.46. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The firm has a market cap of C$2.28 billion, a PE ratio of 32.97, a P/E/G ratio of 1.26 and a beta of 1.28.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, August 21st. This represents a $0.28 dividend on an annualized basis and a yield of 2.5%. Centerra Gold's dividend payout ratio (DPR) is presently 59.31%.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.