Centerra Gold (TSE:CG) Sets New 12-Month High – Still a Buy?

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on CG. CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$11.00 to C$13.00 in a 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. Raymond James decreased their price objective on shares of Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Finally, Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.83.

Centerra Gold Price Performance

The stock has a market capitalization of C$2.22 billion, a PE ratio of 12.27, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The stock’s fifty day moving average is C$9.55 and its 200-day moving average is C$9.23.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.09. The firm had revenue of C$386.27 million during the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. As a group, equities analysts predict 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. Stockholders of record on Thursday, August 15th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.68%. Centerra Gold’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s 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. In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction that occurred on 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 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 value of C$716,332.57. 0.21% of the stock is currently owned by 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.