Centerra Gold (NYSE:CGAU) Announces Earnings Results

Key Points

• Centerra Gold beat earnings expectations, reporting quarterly EPS of $0.37 versus the analyst consensus of $0.33. The company posted a 36.92% net margin and 15.35% return on equity.
• Shares fell 3.8% to $20.38 during Thursday trading, despite the earnings beat. The stock remains below its 52-week high of $24.52 but above its 52-week low of $11.13.
• Analyst sentiment remains mixed but leans positive, with five Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $21.00.

Centerra Gold (NYSE:CGAU - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04, Zacks reports. Centerra Gold had a net margin of 36.92% and a return on equity of 15.35%.

Centerra Gold Trading Down 3.8%

CGAU stock traded down $0.80 during trading on Thursday, hitting $20.38. The company had a trading volume of 1,056,001 shares, compared to its average volume of 1,702,577. Centerra Gold has a 52-week low of $11.13 and a 52-week high of $24.52. The company has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $18.90. The firm 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. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Centerra Gold in a report on Friday, October 16th. Zacks Research lowered Centerra Gold from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 6th. Wall Street Zen cut Centerra Gold from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Scotiabank reiterated an "outperform" rating on shares of Centerra Gold in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Centerra Gold from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.

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