In the meantime, BMO Capital Markets initiated its Centerra Gold Inc [CGAU] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Securities’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Buy”. Raymond James also remained covering CGAU and has increased its forecast on May 31, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Scotiabank revised its rating on August 11, 2022. It rated CGAU as “a Sector perform” which previously was an “a Sector outperform”.
Price Performance Review of CGAU
On Tuesday, Centerra Gold Inc [NYSE:CGAU] saw its stock jump 15.59% to $7.49. Over the last five days, the stock has gained 13.48%. Centerra Gold Inc shares have risen nearly 31.63% since the year began. Nevertheless, the stocks have risen 24.01% over the past one year. While a 52-week high of $7.82 was reached on 05/06/25, a 52-week low of $5.41 was recorded on 04/07/25. SMA at 50 days reached $6.24, while 200 days put it at $6.46.
Levels Of Support And Resistance For CGAU Stock
The 24-hour chart illustrates a support level at 6.95, which if violated will result in even more drops to 6.41. On the upside, there is a resistance level at 7.78. A further resistance level may holdings at 8.08. The Relative Strength Index (RSI) on the 14-day chart is 68.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.04%. Stochastics %K at 40.04% indicates the stock is a holding.
