Centerra Gold Inc (NYSE: CGAU)’s stock price has soared by 0.66 in relation to previous closing price of 6.02. Nevertheless, the company has seen a gain of 2.36% in its stock price over the last five trading days. accesswire.com reported 2024-11-19 that CALGARY, AB / ACCESSWIRE / November 19, 2024 / Kestrel Gold Inc. (“Kestrel” or the “Corporation”)(TSXV:KGC) is pleased to provide an update on work completed by Centerra Gold Inc. (“Centerra”)(TSX:CG) on the QCM gold property (“QCM”) located in the Manson-Germanson area of central British Columbia. Centerra is currently in the process of earning a 75% interest in QCM by making cash payments totaling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029.
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 12.83x compared to its average ratio, The 36-month beta value for CGAU is at 1.28. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CGAU is 208.71M, and currently, shorts hold a 1.03% of that float. The average trading volume for CGAU on November 21, 2024 was 1.01M shares.
CGAU’s Market Performance
CGAU stock saw a decrease of 2.36% in the past week, with a monthly decline of -20.26% and a quarterly a decrease of -16.87%. The volatility ratio for the week is 2.06%, and the volatility levels for the last 30 days are 3.53% for Centerra Gold Inc (CGAU). The simple moving average for the last 20 days is -6.71% for CGAU’s stock, with a simple moving average of -6.71% for the last 200 days.
CGAU Trading at -12.18% 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 -22.51% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -18.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.46% lower at present.
During the last 5 trading sessions, CGAU rose by +2.36%, which changed the moving average for the period of 200-days by +12.85% in comparison to the 20-day moving average, which settled at $6.50. In addition, Centerra Gold Inc saw 1.68% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CGAU
Current profitability levels for the company are sitting at:
- 0.24 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.
Currently, EBITDA for the company is 143.98 million with net debt to EBITDA at -1.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. 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
In conclusion, Centerra Gold Inc (CGAU) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
