Centerra Gold (TSE:CG) Hits New 12-Month High at $15.34

Shares of Centerra Gold Inc. (TSE:CG) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$15.34 and last traded at C$15.20, with a volume of 587830 shares trading hands. The stock had previously closed at C$15.07.

Several equities analysts have commented on CG shares. Scotiabank upgraded shares of Centerra Gold from a “sector perform” rating to an “outperform” rating in a research report on Monday, May 4th. National Bank Financial increased their price objective on shares of Centerra Gold from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Canaccord Genuity increased their price objective on shares of Centerra Gold from C$16.00 to C$17.50 in a research report on Wednesday, May 20th. TD Securities upgraded shares of Centerra Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from C$12.50 to C$14.00 in a research report on Wednesday, April 1st. Finally, Bank of America lowered their price objective on shares of Centerra Gold from C$14.00 to C$12.00 in a research report on Wednesday, March 4th. Six equities research analysts have rated the stock with a buy rating, Centerra Gold has a consensus rating of “Buy” and a consensus price target of C$14.56.

The company has a market cap of $4.43 billion and a PE ratio of -34.64. The company’s 50 day moving average is C$13.59 and its 200 day moving average is C$10.76. The company has a current ratio of 4.32, a quick ratio of 1.17 and a debt-to-equity ratio of 7.52.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Friday, May 1st. The company reported C$0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.26 by C($0.04). The company had revenue of C$502.07 million for the quarter. Analysts expect that Centerra Gold Inc. will post 1.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Wednesday, May 20th. Centerra Gold’s dividend payout ratio (DPR) is -6.48%.

In other news, Senior Officer Yousef Rehman sold 3,210 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$13.53, for a total value of C$43,431.30. Following the sale, the insider now directly owns 16,308 shares in the company, valued at approximately C$220,647.24. Also, Senior Officer John William Pearson sold 22,210 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$14.00, for a total transaction of C$310,940.00. Following the completion of the sale, the insider now owns 16,227 shares in the company, valued at C$227,178. Insiders have sold a total of 31,111 shares of company stock worth $425,566 in the last three months.

Centerra Gold Company Profile (TSE:CG)

Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

Featured Story: How do investors use RSI to grade stocks?

Receive News & Ratings for Centerra Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerra Gold and related companies with MarketBeat.com's FREE daily email newsletter.