Centerra Gold Inc (NYSE: CGAU)’s stock price has decreased by -3.74 compared to its previous closing price of 6.15. However, the company has seen a -4.52% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-05 that TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) — Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (“Centerra” or the “Company”) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted its renewal of a normal course issuer bid (“NCIB”) to purchase for cancellation up to an aggregate of 18,800,929 common shares in the capital of the Company (“Common Shares”) during the twelve-month period commencing on November 7, 2024 and ending on November 6, 2025, representing approximately 8.9% of Centerra’s total issued and outstanding Common Shares, or 10% of the public float. As of November 5, 2024, Centerra had 211,321,285 issued and outstanding Common Shares.
Is It Worth Investing in Centerra Gold Inc (NYSE: CGAU) Right Now?
Centerra Gold Inc (NYSE: CGAU) has a higher price-to-earnings ratio of 12.54x compared to its average ratio. CGAU has 36-month beta value of 1.27. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 1 as “sell.”
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The public float for CGAU is 208.08M, and currently, short sellers hold a 1.04% ratio of that float. The average trading volume of CGAU on November 14, 2024 was 984.46K shares.
CGAU’s Market Performance
CGAU’s stock has seen a -4.52% decrease for the week, with a -17.20% drop in the past month and a -13.83% fall in the past quarter. The volatility ratio for the week is 4.04%, and the volatility levels for the past 30 days are at 3.57% for Centerra Gold Inc The simple moving average for the past 20 days is -13.90% for CGAU’s stock, with a -8.65% simple moving average for the past 200 days.
CGAU Trading at -14.97% from the 50-Day Moving Average
After a stumble in the market that brought CGAU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.30% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 4.04%, as shares sank -17.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.30% lower at present.
During the last 5 trading sessions, CGAU fell by -4.52%, which changed the moving average for the period of 200-days by +10.24% in comparison to the 20-day moving average, which settled at $6.88. In addition, Centerra Gold Inc saw -0.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CGAU
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.29 for the gross margin
The net margin for Centerra Gold Inc stands at 0.08. The total capital return value is set at 0.14. Equity return is now at value 6.02, with 4.60 for asset returns.
Based on Centerra Gold Inc (CGAU), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 16.04. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 17.19.
Currently, EBITDA for the company is 161.58 million with net debt to EBITDA at -1.7. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 16.92for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.60.
Conclusion
To put it simply, Centerra Gold Inc (CGAU) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
