Core Viewpoint - Centerra Gold Inc. (CGAU) shows potential for significant upside, with a mean price target of $9.11 indicating a 32.2% increase from the current price of $6.89 [1] Price Targets - The average of 11 short-term price targets ranges from a low of $7.50 to a high of $9.72, with a standard deviation of $0.63, suggesting a consensus among analysts [2] - The lowest estimate indicates an 8.9% increase, while the most optimistic estimate points to a 41.1% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts are optimistic about CGAU's earnings prospects, as indicated by upward revisions in EPS estimates, which correlate with potential stock price increases [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 4.1%, with three estimates moving higher and no negative revisions [10] - CGAU holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as empirical research shows that they often mislead investors [5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]
Wall Street Analysts Believe Centerra Gold (CGAU) Could Rally 32.22%: Here's is How to Trade