Centerra Gold Inc (NYSE: CGAU) is 4.28% higher on its value in year-to-date trading and has touched a low of $5.41 and a high of $7.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CGAU stock was last observed hovering at around $7.11 in the last trading session, with the day’s gains setting it 916.6%.
Currently trading at $923.71K, the stock is 1.14% and 4.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 846867% at the moment leaves the stock 12.46% off its SMA200. CGAU registered 28.47% gain for a year compared to 6-month gain of 28.47%. The firm has a 50-day simple moving average (SMA 50) of $6.9698 and a 200-day simple moving average (SMA200) of $6.4998.
The stock witnessed a 3.84% loss in the last 1 month and extending the period to 3 months gives it a 16.40%, and is 3.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.04% over the week and 2.84% over the month.
Centerra Gold Inc (CGAU) has around 1400 employees, a market worth around $1.52B and $1.17B in sales. Current P/E ratio is 38.23 and Fwd P/E is 6.43. Profit margin for the company is 3.80%. Distance from 52-week low is 35.12% and -6.52% from its 52-week high. The company has generated returns on investments over the last 12 months (2.65%).
The EPS is expected to grow by 21.20% this year
265.0 institutions hold shares in Centerra Gold Inc (CGAU), with institutional investors hold 91.78% of the company’s shares. The shares outstanding are 207.94M, and float is at 203.59M with Short Float at 1.56%. Institutions hold 91.64% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 18.54 million shares valued at $124.69 million. The investor’s holdings represent 8.7718 of the CGAU Shares outstanding. As of 2024-06-30, the second largest holder is DONALD SMITH & CO., INC. with 10.08 million shares valued at $67.77 million to account for 4.7713 of the shares outstanding. The other top investors are ACADIAN ASSET MANAGEMENT LLC which holds 8.86 million shares representing 4.1931 and valued at over $59.53 million, while VANGUARD GROUP INC holds 3.8365 of the shares totaling 8.11 million with a market value of $54.49 million.
