CA - Centerra Gold: Bright Prospects And Attractive Prices Could Lie Ahead
2024-05-20 13:48:43 ET
Summary
- Centerra Gold Inc. receives a Hold rating for its stock due to expected improvements in gold and copper prices and the company's operations.
- The stock has experienced short-term headwinds but has returned 24.59% since the previous Hold rating.
- Centerra Gold's strong financial position supports operations well for a high probability of significant cash flows going forward, the main catalyst for higher share price so far.
A Hold Rating for shares of Centerra Gold
This article assigns another Hold recommendation on the stock of Centerra Gold Inc. (CGAU) (CG:CA), a Toronto, Canada-based exploration and mining company for gold and copper properties in British Columbia, Canada, and Turkey, confirming the same rating indicated in the previous analysis.
The Öksüt mine involves simultaneous mining of the two pits of the main Keltepe mine and the small Güneytepe satellite mine, both of are mining since the beginning of the third quarter of 2019. The whole metal mine will be in operation until 2029 and will have produced 895,000 ounces of gold as of 2019 until 2029....
Centerra Gold: Bright Prospects And Attractive Prices Could Lie Ahead