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

Shares of Centerra Gold Inc. (TSE:CG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$10.56 and last traded at C$10.51, with a volume of 266571 shares traded. The stock had previously closed at C$10.31.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CG shares. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group boosted their price target on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. CIBC downgraded Centerra Gold from an “outperform” rating to a “neutral” rating and raised their price objective for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Finally, Raymond James lowered their target price on Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Centerra Gold Stock Down 2.0 %

The firm’s 50 day moving average is C$9.59 and its 200-day moving average is C$9.24. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. The firm has a market cap of C$2.19 billion, a PE ratio of 12.26, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold (TSE:CG) last released its earnings results on Thursday, August 1st. The company reported C$0.31 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.09. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. The firm had revenue of C$386.27 million during the quarter. As a group, equities research analysts expect that Centerra Gold Inc. will post 0.8633157 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.28 annualized dividend and a dividend yield of 2.72%. Centerra Gold’s dividend payout ratio is presently 33.33%.

Insider Activity at Centerra Gold

In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. 0.21% of the stock is owned by insiders.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.