Opinions
Hap (Robert) Sneddon FCSI
Centerra Gold Inc
CG-T
HOLD
Feb 04, 2019
We have a nice little rounding bottom. It is going to run into resistance just under $8. It has gotten over its moving average at $6.15. It got back into its band, of the last few years, which is quite positive. It looks pretty good, although there are some better names.
$6.830
Stock price when the opinion was issued
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COMMENT
BUY
Likes their operations in the Kyrgyz Republic and northern Canada. They just reached an agreement in the former to extend their operation and give them cost certainty. They just started production in northern Canada. They're one of the fastest-growing producers in the world. They also mine copper, though he's less crazy about that.
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They have been trying to diversify their risk away from the Republic. The stock has done very well since gold prices moved up. There is lots of upside potential. Earnings forecasts suggests analysts are getting bullish as gold prices go up. Yield 0% (Analysts’ price target is $13.61)
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This is all about free cash flow. He expects them to begin paying a dividend by June. It is trading at 3.9 times cash flow -- half their peer group. They expect a 37% growth in cash flow this year. Their all in cost to produce is $650 per ounce. Yield 0% (Analysts’ price target is $13.34)
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