Centerra Gold and Taseko Mines reach new 52-week highs

Centerra Gold Inc. and Taseko Mines Ltd. have both reached new 52-week highs on the Toronto Stock Exchange.

Centerra Gold shares reached a high of C$31.08 during Thursday trading. Following recent quarterly earnings, several financial institutions updated their price targets for the company, including TD, which raised its target to C$32.00 with a 'buy' rating, and Desjardins, which raised its target to C$33.00. The company maintains a market capitalization of C$5.92 billion.

Taseko Mines Ltd. hit a 52-week high of C$12.62 during mid-day trading on Wednesday. National Bank Financial recently increased its price objective for the company to C$13.00 with an 'outperform' rating. Taseko Mines reports a market capitalization of C$4.52 billion and recently posted quarterly revenue of C$330.55 million.