Centerra Gold (NYSE:CGAU) Hits New 12-Month High – Time to Buy?

Centerra Gold Inc. (NYSE:CGAU) shares reached a new 52-week high during trading on Monday . The stock traded as high as $19.55 and last traded at $19.5520, with a volume of 286197 shares traded. The stock had previously closed at $18.36.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CGAU. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Centerra Gold in a research note on Monday, December 29th. Scotiabank upped their price objective on Centerra Gold from $13.50 to $19.00 and gave the stock an “outperform” rating in a research report on Monday. Wall Street Zen upgraded Centerra Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Centerra Gold in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Centerra Gold Price Performance

The stock has a market capitalization of $4.00 billion, a PE ratio of 12.22, a P/E/G ratio of 0.50 and a beta of 0.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.89. The stock’s 50-day moving average is $14.68 and its 200 day moving average is $11.27.

Centerra Gold (NYSE:CGAU) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. Centerra Gold had a net margin of 26.35% and a return on equity of 10.47%. The company had revenue of $395.20 million during the quarter, compared to the consensus estimate of $314.74 million. As a group, equities analysts expect that Centerra Gold Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Centerra Gold

Several large investors have recently modified their holdings of CGAU. U S Global Investors Inc. acquired a new stake in shares of Centerra Gold in the 4th quarter worth $10,381,000. Eagle Global Advisors LLC purchased a new stake in Centerra Gold in the 4th quarter valued at approximately $181,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Centerra Gold by 8.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,009 shares of the company’s stock worth $1,081,000 after buying an additional 5,977 shares in the last quarter. CWM LLC boosted its stake in shares of Centerra Gold by 5.3% in the fourth quarter. CWM LLC now owns 16,300 shares of the company’s stock valued at $234,000 after buying an additional 820 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in Centerra Gold by 99.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 94,100 shares of the company’s stock worth $1,366,000 after acquiring an additional 47,000 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Centerra Gold Company Profile

Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.

In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.