Centerra Gold (NYSE:CGAU) Releases Earnings Results, Misses Expectations By $0.03 EPS

Centerra Gold (NYSE:CGAU) issued its earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03), Zacks reports. Centerra Gold had a return on equity of 10.34% and a net margin of 8.31%.

Centerra Gold Price Performance

NYSE CGAU traded up $0.20 on Thursday, reaching $6.65. The company had a trading volume of 748,560 shares, compared to its average volume of 697,995. The firm has a market capitalization of $1.40 billion, a PE ratio of 13.84 and a beta of 0.91. Centerra Gold has a 1 year low of $4.88 and a 1 year high of $7.82. The firm has a 50-day moving average of $6.05 and a 200-day moving average of $6.51.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CGAU shares. Desjardins cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Thursday, February 13th. Scotiabank decreased their target price on Centerra Gold from $10.00 to $9.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.