Centerra Gold (TSE:CG) Reaches New 12-Month High - Still a Buy?

Centerra Gold Inc. (TSE:CG - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$33.48 and last traded at C$32.53, with a volume of 1022568 shares trading hands. The stock had previously closed at C$32.69.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CG. ATB Cormark Capital Markets upped their target price on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Raymond James Financial raised their price target on shares of Centerra Gold from C$28.00 to C$29.00 and gave the company a "market perform" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price target on shares of Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. Finally, TD upped their price objective on shares of Centerra Gold from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Centerra Gold currently has an average rating of "Moderate Buy" and a consensus target price of C$28.17.

Centerra Gold Stock Performance

The company's 50 day moving average price is C$25.12 and its 200-day moving average price is C$24.86. The company has a debt-to-equity ratio of 2.11, a quick ratio of 3.24 and a current ratio of 2.42. The company has a market cap of C$6.36 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83.

Centerra Gold (TSE:CG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$0.55 EPS for the quarter. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%. The company had revenue of C$629.00 million for the quarter.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold's dividend payout ratio is currently 6.45%.

Insider Buying and Selling at Centerra Gold

In other news, Director Wendy Wai Ting Kei purchased 1,000 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of C$29.76 per share, for a total transaction of C$29,760.00. Following the purchase, the director owned 5,172 shares of the company's stock, valued at C$153,918.72. The trade was a 23.97% increase in their ownership of the stock. Insiders own 0.21% of the company's stock.

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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.

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