While Centerra Gold Inc. has overperformed by 1.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CGAU fell by -6.53%, with highs and lows ranging from $7.71 to $4.47, whereas the simple moving average jumped by 9.86% in the last 200 days.
On February 21, 2024, BMO Capital Markets started tracking Centerra Gold Inc. (NYSE: CGAU) recommending Outperform. A report published by TD Securities on May 31, 2023, Upgraded its rating to ‘Buy’ for CGAU. Scotiabank August 11, 2022d the rating to Sector Perform on August 11, 2022, and set its price target from $12 to $7. Canaccord Genuity October 21, 2021d its ‘Speculative Buy’ rating to ‘Buy’ for CGAU, as published in its report on October 21, 2021. BofA Securities also rated the stock as ‘Neutral’.
Analysis of Centerra Gold Inc. (CGAU)
CGAU currently pays a dividend of $0.21 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 76.62%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Centerra Gold Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -4.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.38, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 375.59K can be a very valuable indicator of volatility for CGAU stock. On a monthly basis, the volatility of the stock is set at 2.83%, whereas on a weekly basis, it is put at 2.56%, with a gain of 6.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.69, showing growth from the present price of $6.16, which can serve as yet another indication of whether CGAU is worth investing in or should be passed over.
How Do You Analyze Centerra Gold Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.06%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.06% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CGAU shares are owned by institutional investors to the tune of 89.06% at present.
