Stock Track | Centerra Gold Plunges on Q3 Earnings Disappointment

Stock Track

Nov 01, 2024

Shares of Centerra Gold Inc. (CGAU) plummeted nearly 6.3% on Thursday, November 1st, after the Canadian gold mining company reported disappointing third-quarter earnings results.

Centerra Gold's adjusted earnings for the quarter ended September 30, 2024, came in at $0.18 per diluted share, falling short of analysts' average estimate of $0.20 per share. The company's revenue for the quarter also declined 5.8% year-over-year to $323.9 million, missing analysts' expectations of $326.9 million.

The earnings and revenue misses against Wall Street's projections were likely the primary drivers behind Centerra Gold's stock selloff on Thursday. Investors reacted negatively to the disappointing third-quarter results, which reflected a weaker-than-expected performance for the gold mining company.

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(CGAU) plummeted nearly 6.3% on Thursday, November 1st, after the Canadian gold mining company reported disappointing third-quarter earnings results.</p>\n\n<p>Centerra Gold's adjusted earnings for the quarter ended September 30, 2024, came in at $0.18 per diluted share, falling short of analysts' average estimate of $0.20 per share. The company's revenue for the quarter also declined 5.8% year-over-year to $323.9 million, missing analysts' expectations of $326.9 million.</p>\n\n<p>The earnings and revenue misses against Wall Street's projections were likely the primary drivers behind Centerra Gold's stock selloff on Thursday. Investors reacted negatively to the disappointing third-quarter results, which reflected a weaker-than-expected performance for the gold mining company.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CGAU","symbol_name":"Centerra Gold Inc.","start_time":0,"source_url":"","article_id":"1126393602","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126393602","pubTimestamp":1730467964,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Centerra Gold Inc.  plummeted nearly 6.3% on Thursday, November 1st, after the Canadian gold mining company reported disappointing third-quarter earnings results.Centerra Gold's adjusted earnings for the quarter ended September 30, 2024, came in at $0.18 per diluted share, falling short of analysts' average estimate of $0.20 per share. 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