Centerra Gold (TSE:CG) Reaches New 1-Year High at $8.52

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Centerra Gold Inc. (TSE:CG)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$8.52 and last traded at C$8.46, with a volume of 43734 shares changing hands. The stock had previously closed at C$8.35.

CG has been the subject of several recent analyst reports. CIBC raised Centerra Gold from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$9.00 to C$10.50 in a research note on Monday, June 3rd. Raymond James raised Centerra Gold from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$9.00 to C$10.00 in a research note on Monday, June 3rd. Canaccord Genuity reissued a “buy” rating and set a C$9.00 target price on shares of Centerra Gold in a research note on Monday, March 25th. Finally, CSFB set a C$8.00 target price on Centerra Gold and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$8.63.

The company has a debt-to-equity ratio of 8.60, a current ratio of 3.12 and a quick ratio of 0.90. The company has a market capitalization of $2.48 billion and a PE ratio of 17.08.

Centerra Gold (TSE:CG) last posted its earnings results on Wednesday, May 1st. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.08. The business had revenue of C$444.86 million for the quarter. On average, research analysts anticipate that Centerra Gold Inc. will post 0.8299999 earnings per share for the current fiscal year.

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About Centerra Gold (TSE:CG)

Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

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