At the time of writing, Centerra Gold Inc [CGAU] stock is trading at $7.49, up 15.59%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CGAU shares have gain 13.48% over the last week, with a monthly amount glided 33.51%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, TD Securities upgraded its rating to Buy on May 31, 2023. On May 31, 2023, upgrade upgraded it’s rating to Outperform. Scotiabank downgraded its rating to a Sector Perform and decreased its price target to $7 on August 11, 2022. Canaccord Genuity upgraded its rating to a Buy. CIBC upgraded its rating to Neutral for this stock on August 11, 2021. In a note dated May 10, 2021, BofA Securities downgraded an Neutral rating on this stock.
For the past year, the stock price of Centerra Gold Inc fluctuated between $5.41 and $7.82. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Centerra Gold Inc [NYSE: CGAU] shares were valued at $7.49 at the most recent close of the market. An investor can expect a potential return of 46.86% based on the average CGAU price forecast.
Analyzing the CGAU fundamentals
According to Centerra Gold Inc [NYSE:CGAU], the company’s sales were 1.20B for trailing twelve months, which represents an -8.87% plunge. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.95 points at the first support level, and at 6.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.78, and for the 2nd resistance point, it is at 8.08.
Ratios To Look Out For
It is important to note that Centerra Gold Inc [NYSE:CGAU] has a current ratio of 3.50. Further, the Quick Ratio stands at 2.67, while the Cash Ratio is 2.2. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 21.06.
