Centerra Gold Inc. (NYSE:CGAU) price on current trading day, rose 1.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.41.
A look at the stock’s price movement, the level at last check in today’s session was $7.29, moving within a range at $7.375 and $7.51. The beta value (5-Year monthly) was 1.221 while the PE ratio in trailing twelve months stood at 12.15. Turning to its 52-week performance, $7.51 and $4.47 were the 52-week high and 52-week low respectively. Overall, CGAU moved 14.43% over the past month.
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Centerra Gold Inc.’s market cap currently stands at around $1.58 billion, with investors looking forward to this quarter’s earnings report slated for in September. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 2.76%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 324.2M for the company’s revenue for the quarter, with a low and high estimate of 301.4M and 347M respectively. The average forecast suggests down to a -5.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.22B, representing a 11.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CGAU is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend CGAU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CGAU’s current price about 9.22% and 9.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.24, while 7-day volatility ratio is 2.76% and 3.91% in the 30-day chart. Further, Centerra Gold Inc. (CGAU) has a beta value of 1.30, and an average true range (ATR) of 0.25.
If we refocus on Centerra Gold Inc. (NYSE:CGAU), historical trading data shows that trading volumes averaged 0.79 over the past 10 days and 674.69K over the past 3 months. The company’s latest data on shares outstanding shows there are 215.50 million shares.
The 1.71% of Centerra Gold Inc.’s shares are in the hands of company insiders while institutional holders own 89.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.38 million on 2024-07-31, giving us a short ratio of 1.97. Current price change has pushed the stock 24.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CGAU stock continues to rise going into the next quarter.
