Centerra Gold Inc. (CGAU) concluded trading on 01/19/23 at a closing price of $5.97, with 0.14 million shares of worth about $0.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.34% during that period and on Thursday the price saw a gain of about 4.37%. Currently the company’s common shares owned by public are about 220.36M shares, out of which, 202.25M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the CGAU stock and their offered price forecasts bring an average price target of $6.85. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $4.70. The stock’s current price level is 27.2% above of average price target set by the analysts, while a rise to estimated low would result in loss of -27.02% for the stock. However, touching the estimated high of $10.00 would mean a gain of 40.3% for the stock.
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BlackRock Global Funds – World Go, VanEck Gold Miners ETF, and LF Ruffer Investment Funds – Gold are the top 3 mutual funds which are holding stakes in Centerra Gold Inc. BlackRock Global Funds – World Go is currently holding 19.75 million shares of worth totaling $102.32 million. The company recently came buying 0.0 shares which brought its stake up to 8.96% of the company’s outstanding shares. VanEck Gold Miners ETF bought 35620.0 shares, after which its hold over company’s outstanding shares expand to 5.19%, leaving 11.44 million shares with the mutual fund that have a worth of about $59.27 million. LF Ruffer Investment Funds – Gold, after buying 6.48 million shares, have now control over 2.94% of the stake in the company. It holds 0.6 million shares of worth $33.55 million.
However, the stock later moved at a day high price of 6.03, or with a gain of 4.37%. Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of 21.84%. Year-to-date (YTD), CGAU shares are showing a performance of 15.25% which decreased to -27.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.77 but also hit the highest price of $10.57 during that period. The average intraday trading volume for Centerra Gold Inc. shares is 150.29K. The stock is currently trading 7.94% above its 20-day simple moving average (SMA20), while that difference is up 12.95% for SMA50 and it goes to -3.21% lower than SMA200.
Centerra Gold Inc. (NYSE: CGAU) currently have 220.36M outstanding shares and institutions hold larger chunk of about 84.64% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $1.32B. PE ratio of stock for trailing 12 months is 1.54, while it has posted earnings per share of $3.88 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CGAU, volatility over the week remained 4.58% while standing at 4.26% over the month.
Analysts are in expectations that Centerra Gold Inc. (CGAU) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is $0.31 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.12 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -113.00% while it is estimated to increase by 620.00% in next year.
Analysts at 10 brokerage firms have issued recommendations for the Centerra Gold Inc. (CGAU)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 10 Wall Street analysts, 3 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on August 11, 2022 offering a Sector perform rating for the stock and assigned a target price range of between $12 and $7 to it. Stock get a Sector underperform rating from CIBC on May 07, 2021.
