China Gold International Resources (TSE:CGG) Sets New 12-Month High – Still a Buy?

China Gold International Resources Corp. Ltd. (TSE:CGG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$35.06 and last traded at C$35.06, with a volume of 83017 shares traded. The stock had previously closed at C$34.27.

China Gold International Resources Trading Up 2.3%

The company has a fifty day simple moving average of C$28.36 and a two-hundred day simple moving average of C$22.44. The company has a market capitalization of C$13.90 billion, a P/E ratio of 34.01 and a beta of 2.08. The company has a debt-to-equity ratio of 46.97, a current ratio of 1.68 and a quick ratio of 0.61.

China Gold International Resources (TSE:CGG) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.36 EPS for the quarter. China Gold International Resources had a negative return on equity of 1.32% and a negative net margin of 4.20%.The business had revenue of C$480.42 million for the quarter. On average, analysts forecast that China Gold International Resources Corp. Ltd. will post 6.2699998 earnings per share for the current fiscal year.

China Gold International Resources Company Profile

China Gold International Resources Corp Ltd is a company engaged in the acquisition, exploration, development, and mining of mineral reserves in China. The company primarily operates two mines in China: the CSH Mine which produces gold, and the Jiama Mine which produces gold and copper. While the majority of the company’s revenue is derived from gold mining, a significant portion of sales still result from copper production. China National Gold Corporation, a state-owned company registered in Beijing, is a substantial shareholder of China Gold International Resources.