Centerra Gold (NYSE:CGAU – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04, Zacks reports. Centerra Gold had a return on equity of 15.35% and a net margin of 36.92%.
Centerra Gold Stock Down 3.8%
Shares of NYSE:CGAU traded down $0.80 during trading on Thursday, reaching $20.38. The stock had a trading volume of 1,056,001 shares, compared to its average volume of 1,702,577. The firm’s 50-day simple moving average is $22.31 and its 200 day simple moving average is $18.90. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. Centerra Gold has a one year low of $11.13 and a one year high of $24.52. The company has a market capitalization of $3.98 billion, a P/E ratio of 6.51, a PEG ratio of 1.90 and a beta of 0.84.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Wall Street Zen lowered Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research report on Friday, October 16th. Zacks Research downgraded Centerra Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Weiss Ratings raised Centerra Gold from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Finally, Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.
Read Our Latest Stock Report on CGAU
Centerra Gold Company Profile
Centerra Gold Inc is a Canadian-based mining company focused on the acquisition, exploration, development and operation of gold and copper properties. The company produces gold doré and copper-gold concentrate from its operating mines and manages related processing, infrastructure and exploration activities.
Centerra’s principal assets include the Mount Milligan copper-gold mine in British Columbia, Canada, and the Öksüt gold mine in Türkiye. The company also owns the Kemess project in British Columbia, which is being advanced as a potential copper-gold development project.
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