#7 - Centerra Gold (NYSE:CGAU)
The last gold stock on this list is Centerra Gold, Inc. (NYSE: CGAU). This is a small-cap miner with a market cap of just $1.42 billion as of March 2023. The company has two active gold and copper mines and two additional projects under development. One of those projects will be for molybendum.
2022 was a difficult year for investors. Revenue and earnings showed a decline as did the CAGU stock price which fell 32.5% for the year. That highlights the speculative nature of investing in a small-cap miner. At the same time, if the company hits analysts forecasts for 14% revenue growth in 2023, it should be enough to reverse the downward trend in the stock.
Investors can also take comfort in the company’s balance sheet which is not overly burdened with debt. The company’s debt-to-EBITDA ratio is just 0.25% which is well below the median for the sector.
About Centerra Gold
Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.
Read More - Current Price
- $6.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.00 (76.4% Upside)
The stocks listed in this presentation were part of the Gold Stocks page that every investor can find for free on MarketBeat.com. For deeper insight, MarketBeat All-Access subscribers can take advantage of our Stock Screener tool and look at the best gold stocks based on specific criteria such as market capitalization, analyst ratings, and favorable media coverage.
Another way to invest in gold is through an exchange-traded fund (ETF). These funds give you exposure to most, if not all, of the stocks in this presentation along with others. The ability to smooth out risk is appealing to many investors who may not have the inclination to pick their own stocks, or don't have a firm understanding of the overall sector.
Some attractive candidates as of March 2023 include the iShares Gold Trust Micro (NYSEARCA: IAUM), the FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BATS: BGLD), and the GraniteShares Gold Trust (NYSEARCA: BAR).
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