Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Centerra Gold Inc (NYSE: CGAU) improved in recent days. CGAU's current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 12/22/23, Centerra Gold Inc (NYSE: CGAU) stock rose modestly by 0.8%, closing at $6.10. However, this advance was accompanied by unusually low trading volume at 56% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.3% during the last week.
Current PriceTarget Research Rating
CGAU's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Centerra Gold has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing contradictory signals. Centerra Gold has a slightly positive Appreciation Score of 70 but a poor Power Rating of 19, triggering the Low Neutral Value Trend Rating.