Centerra Gold Inc. (CGAU) is a Great Momentum Stock: Should You Buy?

Core Insights - Centerra Gold Inc. (CGAU) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Price Performance - CGAU shares have increased by 2.26% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 0.39% [5] - Over the past quarter, CGAU shares have surged by 40.08%, and over the last year, they have gained 167.44%, while the S&P 500 has only increased by 4.03% and 16.96%, respectively [6] Trading Volume - The average 20-day trading volume for CGAU is 1,061,294 shares, which is a useful indicator of market interest and price movement [7] Earnings Outlook - In the past two months, four earnings estimates for CGAU have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.79 to $1.00 [9] - For the next fiscal year, four estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong momentum characteristics, positive price performance, and favorable earnings outlook, CGAU is positioned as a solid momentum pick and is recommended for investors looking for potential growth [11]