Centerra Gold (NYSE:CGAU – Get Free Report) released its earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01, Zacks reports. Centerra Gold had a net margin of 40.32% and a return on equity of 14.90%. The business had revenue of $442.71 million for the quarter, compared to analyst estimates of $394.27 million.
Centerra Gold Stock Up 3.4%
CGAU traded up $0.54 during trading on Wednesday, hitting $16.61. 207,581 shares of the company’s stock were exchanged, compared to its average volume of 1,845,999. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $16.28 and its two-hundred day moving average is $17.49. Centerra Gold has a fifty-two week low of $6.71 and a fifty-two week high of $21.17. The stock has a market cap of $3.29 billion, a P/E ratio of 5.36, a PEG ratio of 0.62 and a beta of 0.81.
Institutional Investors Weigh In On Centerra Gold
Hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its position in Centerra Gold by 63.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,758 shares of the company’s stock valued at $34,000 after acquiring an additional 1,839 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Centerra Gold during the 4th quarter worth approximately $36,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Centerra Gold in the first quarter worth approximately $97,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Centerra Gold in the fourth quarter worth approximately $100,000. Finally, Numerai GP LLC bought a new position in shares of Centerra Gold in the third quarter valued at approximately $108,000. 55.40% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Read Our Latest Research Report on Centerra Gold
About Centerra Gold
Centerra Gold Inc is a gold mining company incorporated in Canada and headquartered in Toronto. The company specializes in the exploration, development and operation of precious metals properties, with a focus on gold production. Centerra’s portfolio includes the Mount Milligan mine in British Columbia, Canada, and the Otjikoto mine in Namibia. Both operations produce gold and copper concentrates and employ modern mining methods and processing facilities to optimize recovery rates and minimize environmental impact.
In addition to its producing assets, Centerra is advancing the development of its Greenstone Gold Project in Ontario, Canada, which, upon completion, is expected to become one of Canada’s largest gold mines.
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