Centerra Gold (TSE:CG) Reaches New 12-Month High at $10.29

Centerra Gold Inc. (TSE:CG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$10.29 and last traded at C$10.28, with a volume of 54326 shares trading hands. The stock had previously closed at C$10.10.

Analysts Set New Price Targets

A number of research firms recently issued reports on CG. Canaccord Genuity Group boosted their price objective on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Cibc World Mkts lowered shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. National Bankshares raised their target price on shares of Centerra Gold from C$11.25 to C$12.00 and gave the company an "outperform" rating in a research report on Monday, June 10th. Finally, CIBC cut shares of Centerra Gold from an "outperform" rating to a "neutral" rating and upped their price target for the stock from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$11.77.

Centerra Gold Stock Up 3.9 %

The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.26 and a beta of 1.23. The business's 50 day moving average price is C$9.39 and its 200 day moving average price is C$9.03.

Centerra Gold (TSE:CG - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, beating analysts' consensus estimates of C$0.22 by C$0.09. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%. The company had revenue of C$386.27 million during the quarter. On average, equities analysts forecast that Centerra Gold Inc. will post 0.8612132 EPS for the current year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.07 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.67%. Centerra Gold's dividend payout ratio is currently 33.73%.

Insiders Place Their Bets

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. 0.17% of the stock is currently owned by company insiders.

About Centerra Gold

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.