Centerra Gold (TSE:CG) Reaches New 12-Month High - Should You Buy?

Key Points

• Centerra Gold Inc. has reached a new 52-week high of C$13.86, indicating strong price performance with a current trading price of C$13.62.
• Analyst ratings vary, with two analysts recommending a Strong Buy, three a Buy, and five a Hold, while the average target price has increased to C$12.47.
• The company has a dividend yield of 2.1%, recently announcing a quarterly dividend of $0.07 per share, demonstrating a commitment to returning value to shareholders.

Centerra Gold Inc. (TSE:CG - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$13.86 and last traded at C$13.62, with a volume of 1199123 shares traded. The stock had previously closed at C$13.59.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CG. Royal Bank Of Canada lowered Centerra Gold from a "moderate buy" rating to a "hold" rating and lifted their target price for the stock from C$13.00 to C$14.00 in a report on Wednesday, September 10th. BMO Capital Markets lifted their target price on Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. Finally, Raymond James Financial lifted their price objective on Centerra Gold from C$13.00 to C$13.50 in a report on Thursday, August 21st. Two 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. According to MarketBeat.com, Centerra Gold has a consensus rating of "Moderate Buy" and an average target price of C$12.47.

Centerra Gold Price Performance

The stock has a market cap of C$2.77 billion, a P/E ratio of 40.06, a PEG ratio of 1.26 and a beta of 1.24. The company has a 50 day simple moving average of C$10.95 and a 200 day simple moving average of C$9.91. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold's payout ratio is currently 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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