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

Shares of Centerra Gold Inc. (TSE:CG) reached a new 52-week high during trading on Friday . The company traded as high as C$29.78 and last traded at C$29.52, with a volume of 47200 shares. The stock had previously closed at C$27.37.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Desjardins increased their target price on Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Raymond James Financial upped their price target on Centerra Gold from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price objective on Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. TD boosted their target price on Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, ATB Cormark Capital Markets raised their price target on shares of Centerra Gold from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$28.17.

Centerra Gold Stock Performance

The firm has a market cap of C$5.77 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.26 and a beta of 1.83. The company has a quick ratio of 3.24, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The company has a 50 day moving average of C$23.19 and a 200 day moving average of C$24.37.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$0.55 earnings per share for the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.The firm had revenue of C$629.00 million during the quarter.

Centerra Gold Dividend Announcement

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

Insider Buying and Selling at Centerra Gold

In related news, Director Paul Nicholas Wright purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the transaction, the director owned 130,000 shares of the company’s stock, valued at C$2,900,300. This represents a 4.00% increase in their ownership of the stock. Insiders own 0.21% of the company’s stock.

About Centerra Gold

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.