Centerra Gold (NYSE:CGAU) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Centerra Gold (NYSE:CGAU) released its earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm had revenue of $500.30 million during the quarter, compared to the consensus estimate of $440.83 million.

Centerra Gold Price Performance

NYSE:CGAU opened at $20.38 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.49 and a current ratio of 2.42. The company has a 50-day moving average of $22.26 and a 200-day moving average of $18.93. Centerra Gold has a 52 week low of $11.13 and a 52 week high of $24.52. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 1.98 and a beta of 0.84.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Centerra Gold in a research note on Friday, October 16th. Weiss Ratings raised shares of Centerra Gold from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Scotiabank reissued an “outperform” rating on shares of Centerra Gold in a report on Tuesday, August 4th. Zacks Research lowered shares of Centerra Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Finally, Wall Street Zen cut Centerra Gold from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.