Centerra Gold’s Stock Falls Below 50-Day Moving Average of $8.43
January 15, 2023
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CENTERRA GOLD ($TSX:CG) is an international gold mining, development, and exploration company that operates in Canada, the Kyrgyz Republic, and Turkey. The company has a portfolio of four producing mines and two development projects. CENTERRA GOLD offers investors exposure to the gold industry through its diversified operations. Recently, CENTERRA GOLD’s stock has fallen below the 50-day moving average of $8.43. This development has sparked interest among investors who are watching to see what the stock will do next. The 50-day moving average is a technical indicator used to measure the average price of a stock over the past 50 days and is often used to identify trends. As of now, it appears that CENTERRA GOLD’s stock is in a downward trend and may not recover to the 50-day moving average anytime soon. This could be an indication that the company’s performance may not meet analysts’ expectations in the near future.
Additionally, the current market conditions could be contributing to the stock’s decline. Investors should pay close attention to CENTERRA GOLD’s stock and monitor if it recovers to the 50-day moving average. If it does not, it could be a sign of trouble for the company. Investors should also monitor news related to the company, such as changes in management or any new developments. In any case, investors should always do their due diligence before investing in any company.
Share Price
On Friday, CENTERRA GOLD stock opened at CA$8.1 and closed at CA$8.2, up by 1.5% from prior closing price of 8.1. The 50-day moving average is a technical indicator used to measure the average price of a stock over the past 50 trading days. It is calculated by taking the average of a stock’s closing price over the past 50 days and is commonly used by investors to determine the current trend of a stock. The stock is currently trading below its 50-day moving average and this could indicate that the stock is in a bearish trend. This could be a sign to investors that they should take caution and possibly reduce their exposure to the stock.
The lower price could also be an indication that investors are concerned about the company’s fundamentals, such as sales, earnings, cash flow, and other financial metrics. Investors should also consider fundamentals such as the company’s financial performance and outlook for future growth when deciding whether or not to invest in CENTERRA GOLD. Ultimately, it is up to individual investors to do their own research and make an informed decision before investing in any stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Centerra Gold. More…
| Total Revenues | Net Income | Net Margin |
| 892.97 | 327.75 | 25.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Centerra Gold. More…
| Operations | Investing | Financing |
| 69.65 | -253.28 | -147.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Centerra Gold. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.45k | 488.36 | 8.91 |
Key Ratios Snapshot
Some of the financial key ratios for Centerra Gold are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -15.0% | -6.8% | 36.6% |
| FCF Margin | ROE | ROA |
| -2.1% | 10.0% | 8.3% |
VI Analysis
Investing in a company requires an analysis of its fundamentals to understand its long-term potential. Fortunately, this process can be simplified with the help of the VI App. VI Risk Rating shows that CENTERRA GOLD is a medium-risk investment, taking into account both financial and business aspects. The app has detected three risk warnings in the income sheet, balance sheet, and financial journal. In particular, it checks for any discrepancies between income and expenses, current assets and liabilities, as well as any changes in the company’s cash flow. This helps to identify any potential issues that could affect the company’s performance in the future. The app also provides users with insights into the company’s equity structure, which can give an indication of how well the company is managed. Additionally, it looks at the company’s debt structure and any associated risks. This helps investors to understand if the company’s debt levels are manageable or if they pose a significant risk. Overall, the VI App provides investors with a comprehensive overview of a company’s financials, making it easier to evaluate its long-term potential. By gaining access to key information quickly and easily, investors can make better-informed decisions when it comes to their investments. More…
VI Peers
The competition between Centerra Gold Inc and its competitors is fierce. All four companies are vying for a share of the gold market, and each has its own strengths and weaknesses. Centerra is the largest producer of gold in Canada, and its main competitors are Roscan Gold Corp, Soma Gold Corp, and Tanami Gold NL. All four companies have different strategies for mining and extracting gold, and each has its own strengths and weaknesses. The competition between these companies is essential to the gold industry, and it will ultimately determine who will be the biggest player in the market.
– Roscan Gold Corp ($TSXV:ROS)
Roscan Gold Corp. is a Canadian gold exploration company. The company has a market capitalization of $62.54 million as of 2022 and a negative return on equity of 1069.64%. Roscan Gold Corp. is engaged in the business of exploring, evaluating, and developing mineral properties in West Africa. The company’s flagship property is the Kaninko Project, located in Guinea.
– Soma Gold Corp ($TSXV:SOMA)
Soma Gold Corp is a Canadian precious metals mining company with a focus on gold and silver projects in Colombia. The company has a market capitalization of $26.41 million and a return on equity of 168.84%. The company’s primary asset is the Cajuilito project, located in the municipality of Quinchia, Colombia.
– Tanami Gold NL ($ASX:TAM)
Tanami Gold NL is an Australian gold mining company with a market capitalisation of $45.83 million as of 2022. The company has a return on equity of 11.77%. Tanami Gold NL is engaged in the exploration, development and production of gold in the Northern Territory of Australia. The company’s flagship project is the Coyote Gold Mine, which is located in the Tanami Desert region of the Northern Territory.
Summary
Investors should take note of Centerra Gold‘s stock price, which recently fell below the 50-day moving average of $8.43. This suggests there could be downward pressure on the stock, so investors should monitor the company’s share price closely. Analysts recommend that investors consider the company’s financial performance, including its balance sheet, cash flow statement, and income statement, to gain a better understanding of its potential.
Additionally, investors should evaluate Centerra Gold’s management team and corporate strategy to determine if any changes are needed. Finally, investors should consider the overall market sentiment surrounding the sector and the gold market in general to determine if now is a good time to invest in Centerra Gold.
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