The Insider Activity Of Centerra Gold Inc. (CGAU) Should Not Be Ignored

As of Wednesday close, Centerra Gold Inc.’s (NYSE:CGAU) stock was up $0.11, moving up 2.08 percent to $5.40. The average number of shares traded per day over the past five days has been 102,240 shares. 4 times new highs have been achieved over the past 5 days, with a $0.24 gain in that time frame. In the last twenty days, the average volume was 149,035, while in the previous 50 days, it was 170,498.

Since last month, CGAU stock rose 14.16%. Shares of the company fell to $4.25 on 11/03/22, the lowest level in the past month. A 52-week high of $10.57 was reached on 03/10/22 after having rallying from a 52-week low of $3.77. Since the beginning of this year, CGAU’s stock price has dropped by -29.69% or -$2.28, and marked a new high 14 times. However, the stock has declined by -48.91% since its 52-week high.

Valuation Metrics

Right now, Centerra Gold Inc. (CGAU) has a P/E ratio of about 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 0.61.

The latest dividend of $0.0510 per share was paid out, which is -7.27% less than last year’s $0.0550. On Monday November 7 2022, a $0.0040 dividend decrease was announced.

Financial Health

Based on annual data, CGAU earned $291.96 million in gross profit and brought in $900.14 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Centerra Gold Inc. to report $0 quarterly earnings, the actual figure was -$0.12 per share. During the quarter, the company generated $11.65 million in EBITDA. The liabilities of Centerra Gold Inc. were 488.36 million at the end of its most recent quarter ended June 29, and its total debt was $11.4 million.

Technical Picture

This quick technical analysis looks at Centerra Gold Inc.’s (CGAU) price momentum. With a historical volatility rate of 34.04%, the RSI 9-day stood at 68.79% on 23 November.

With respect to its five-day moving average, the current Centerra Gold Inc. price is up by +4.65% percent or $0.24. At present, CGAU shares trade +12.97% above its 20-day simple moving average and -13.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately +22.73% above its SMA50 and -35.48% below its SMA200.

Stochastic coefficient K was 88.18% and Stochastic coefficient D was 81.21%, while ATR was 0.21. Given the Stochastic reading of 100.00% for the 14-day period, the RSI (14) reading has been calculated as 64.92%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.13.

Analyst Ratings

Centerra Gold Inc. downgraded its rating on Centerra Gold Inc. (NYSE: CGAU) to a Sector perform in a note to investors on August 11, 2022. The analysts firm previously had a Sector outperform rating on the stock.Centerra Gold Inc. (CGAU) has been rated Hold by analysts. According to 0 brokerage firms, CGAU is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Centerra Gold Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $6.22, the current consensus forecast for the stock is $5.04 – $7.78. Based on these forecasts, analysts predict Centerra Gold Inc. (CGAU) will achieve an average price target of $6.43.

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