Centerra Gold (TSE:CG) Reaches New 1-Year High - Should You Buy?

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CG. Cibc World Mkts lowered Centerra Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. CIBC lowered Centerra Gold from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Finally, Raymond James lowered their price objective on Centerra Gold from C$13.50 to C$13.00 and set an "outperform" rating on the stock in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$11.83.

Centerra Gold Stock Performance

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 company has a market cap of C$2.22 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a fifty day moving average of C$9.55 and a two-hundred day moving average of C$9.23.

Centerra Gold (TSE:CG - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported C$0.31 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.09. The firm had revenue of C$386.27 million for the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. Equities research analysts anticipate that Centerra Gold Inc. will post 0.8633157 EPS for the current year.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold's dividend payout ratio is 33.33%.

Insider Activity

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 value of C$299,757.60. In related 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 value of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the business's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. 0.21% of the stock is owned by company 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.