Centerra Gold (TSE:CG) Hits New 52-Week High – Here’s What Happened

Centerra Gold Inc. (TSE:CG)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$12.44 and last traded at C$12.24, with a volume of 1886172 shares. The stock had previously closed at C$12.28.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank Of Canada increased their target price on Centerra Gold from C$12.00 to C$13.00 in a report on Wednesday, June 4th. Cibc World Mkts raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 27th. Raymond James Financial raised their price target on Centerra Gold from C$13.00 to C$13.50 in a report on Thursday, August 21st. Finally, BMO Capital Markets downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating and cut their price target for the stock from C$14.00 to C$10.00 in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$11.76.

Centerra Gold Trading Down 0.3%

The company has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 1.26 and a beta of 1.24. The firm has a 50-day moving average price of C$10.29 and a 200-day moving average price of C$9.58. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, August 21st. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. Centerra Gold’s dividend payout ratio (DPR) is 59.31%.

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.