China Gold International Resources (TSE:CGG) Reaches New 52-Week High – Should You Buy?

China Gold International Resources Corp. Ltd. (TSE:CGG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$42.45 and last traded at C$42.16, with a volume of 311128 shares trading hands. The stock had previously closed at C$39.19.

China Gold International Resources Price Performance

The firm has a market capitalization of C$17.08 billion, a PE ratio of 41.79 and a beta of 2.08. The stock’s 50 day simple moving average is C$30.18 and its two-hundred day simple moving average is C$23.54. The company has a debt-to-equity ratio of 46.97, a quick ratio of 0.61 and a current ratio of 1.68.

China Gold International Resources (TSE:CGG) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.36 earnings per share (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 during the quarter. On average, sell-side analysts forecast that China Gold International Resources Corp. Ltd. will post 6.2699998 EPS for the current 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.