Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Centerra Gold Inc (NYSE: CGAU) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Centerra Gold Inc (NYSE: CGAU) stock closed at $5.61 on 3/8/24 after a modest decline of -1.4%. Moreover, above average trading volume at 127% of normal accompanied the decline. The stock has risen 11.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CGAU is expected to continue to be Value Creation neutral.
Centerra Gold has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Centerra Gold has a slightly positive Appreciation Score of 65 but a poor Power Rating of 19, resulting in the Negative Value Trend Rating.
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