CENTERRA GOLD (CG) Stocks
ABOUT CENTERRA GOLD
Centerra Gold Inc. is a gold mining and exploration company. Its portfolio includes the exploration, development and purchase of gold and copper properties throughout North America, Asia and internationally.
The company’s two main assets are the Kumtor Mine in the Kyrgyz Republic and the Mount Milligan Mine in Canada.
Centerra Gold Inc. employs approximately 3 500 people and is headquartered in Toronto, Canada.
OVERVIEW OF CENTERRA GOLD
In 1992 Cameco Corporation explores the Kyrgyz Republic for uranium and gold prospects. In 1994 a final agreement is struck with the Kyrgyz Republic for project development in the Kumtor Mine.
During 2002 Cameco Gold buys 52 percent interest in AGR Limited, an Australian gold company, which owns 95 percent interest in Magnolia’s Boroo gold mine. In 2004 the company buys the remaining 48 percent interest in AGR Limited.
In 2004 the company enters a joint venture with the Kyrgyz Republic, transferring all Kumtor interest to create Centerra Gold Inc. It has its initial public offering the same year, listing as a public company on the Toronto Stock Exchange. In 2009 Cameco Corporation transfers its interest in Centerra Gold Inc. to Kyrgyzstan, totalling its interest in the company to 33 percent.
In 2016 Centerra Gold Inc. buys Thompson Creek Metals Company for a price of USUS Dollar 1.03 billion, also adding the Endako and Thompson Creek primary molybdenum mines in British Columbia and Idaho, as well as the Langeloth Metallurgical Facility in Pennsylvania, the United States, to its portfolio.
During 2018 AuRico Metals Inc. is purchased for a price of CUS Dollar 310 million. The transaction adds a low-cost brownfield development operation, the Kemess property in British Columbia, Canada to its portfolio. More transactions and acquisitions follow, and the company’s portfolio expands even more.
VISION & VALUES OF CENTERRA GOLD
Centerra Gold Inc.’s vision is to create superior returns for shareholders and deliver long-term value for all parties.
The company is financially strong and aims to purchase long-life, affordably priced projects. Centerra Gold Inc. conducts business responsibly, with integrity, ethical standards and transparency.
Its values its employees, communities and the environment from which it operates and acts with high environmental and safety standards.
Centerra Gold Inc. manages and minimizes harmful impacts from its operations and contributes to its local communities.
MARKET PERFORMANCE OF CENTERRA GOLD
Centerra Gold Inc. trades on the Toronto Stock Exchange under the TSX stock symbol CG.
Data analysis for the Centerra Gold Inc. third quarter for the period ending September 30, 2019 reports cash flow from operations of US Dollar 31.9 million.
Adjusted cash flow from operations is US Dollar 94.5 million. Revenue is US Dollar 388.3 million. Adjusted earnings are US Dollar 75.4 million. Total assets are US Dollar 2,697.8 million.
Cash, cash equivalents and restricted cash are US Dollar 109.1 million. Adjusted basic and diluted earnings are both US Dollar 0.26 per common share.
Buy CENTERRA GOLD stocks / shares – A Step by Step Guide how to Buy / Purchase CENTERRA GOLD Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CENTERRA GOLD Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CENTERRA GOLD STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CENTERRA GOLD STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CENTERRA GOLD stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CENTERRA GOLD stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?