Canagold Resources Stock Buy Hold or Sell Recommendation
| CCM Stock | CAD 0.30 0.02 7.14% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Canagold Resources is 'Strong Sell'. The recommendation algorithm takes into account all of Canagold Resources' available fundamental, technical, and predictive indicators you will find on this site.
Check out Canagold Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Canagold and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Canagold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Canagold |
Execute Canagold Resources Buy or Sell Advice
The Canagold recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canagold Resources. Macroaxis does not own or have any residual interests in Canagold Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canagold Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Canagold Resources Trading Alerts and Improvement Suggestions
| Canagold Resources generated a negative expected return over the last 90 days | |
| Canagold Resources has some characteristics of a very speculative penny stock | |
| Canagold Resources has high historical volatility and very poor performance | |
| Canagold Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.05 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canagold Resources has accumulated about 2.66 M in cash with (1.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: NovaGold Resources Stock Price Up 1.4 percent Heres What Happened - Defense World |
Canagold Resources Returns Distribution Density
The distribution of Canagold Resources' historical returns is an attempt to chart the uncertainty of Canagold Resources' future price movements. The chart of the probability distribution of Canagold Resources daily returns describes the distribution of returns around its average expected value. We use Canagold Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canagold Resources returns is essential to provide solid investment advice for Canagold Resources.
| Mean Return | 0 | Value At Risk | -6.25 | Potential Upside | 6.45 | Standard Deviation | 3.29 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canagold Resources historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canagold Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (406K) | 4.2M | (4.1M) | 1.8M | (1.0M) | (963.3K) | |
| Free Cash Flow | (2.0M) | (2.2M) | (9.1M) | (5.9M) | (6.3M) | (6.0M) | |
| Other Non Cash Items | 170K | 140K | (336K) | 961K | 1.9M | 2.0M | |
| Capital Expenditures | 1.2M | 797K | 8.2M | 4.6M | 4.5M | 4.8M | |
| Net Income | (1.0M) | (1.7M) | (1.8M) | (2.7M) | (3.1M) | (3.2M) | |
| End Period Cash Flow | 1.9M | 6.1M | 2.0M | 3.8M | 2.8M | 1.7M | |
| Investments | (619K) | 296K | 656K | (4.3M) | (2.8M) | (2.6M) | |
| Change To Netincome | 292K | (575K) | 432K | 1.8M | 2.1M | 2.2M |
Canagold Resources Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canagold Resources or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canagold Resources' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canagold stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 3.24 | |
Ir | Information ratio | -0.04 |
Canagold Resources Volatility Alert
Canagold Resources shows above-average downside volatility for the selected time horizon. Canagold Resources is a potential penny stock. Although Canagold Resources may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Canagold Resources. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Canagold instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Canagold Resources Fundamentals Vs Peers
Comparing Canagold Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canagold Resources' direct or indirect competition across all of the common fundamentals between Canagold Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canagold Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canagold Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Canagold Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canagold Resources to competition |
| Fundamentals | Canagold Resources | Peer Average |
| Return On Equity | -0.0968 | -0.31 |
| Return On Asset | -0.0651 | -0.14 |
| Current Valuation | 46.4 M | 16.62 B |
| Shares Outstanding | 174.5 M | 571.82 M |
| Shares Owned By Insiders | 9.17 % | 10.09 % |
| Shares Owned By Institutions | 50.41 % | 39.21 % |
| Number Of Shares Shorted | 18.51 K | 4.71 M |
| Price To Earning | (40.00) X | 28.72 X |
| Price To Book | 1.08 X | 9.51 X |
| EBITDA | (1.53 M) | 3.9 B |
| Net Income | (3.05 M) | 570.98 M |
| Cash And Equivalents | 2.66 M | 2.7 B |
| Cash Per Share | 0.01 X | 5.01 X |
| Total Debt | 215 K | 5.32 B |
| Debt To Equity | 0.50 % | 48.70 % |
| Current Ratio | 13.17 X | 2.16 X |
| Book Value Per Share | 0.20 X | 1.93 K |
| Cash Flow From Operations | (1.73 M) | 971.22 M |
| Short Ratio | 0.74 X | 4.00 X |
| Earnings Per Share | (0.03) X | 3.12 X |
| Target Price | 1.4 | |
| Beta | 0.83 | -0.15 |
| Market Capitalization | 51.48 M | 19.03 B |
| Total Asset | 33.23 M | 29.47 B |
| Retained Earnings | (55.52 M) | 9.33 B |
| Working Capital | 4.55 M | 1.48 B |
| Net Asset | 33.23 M |
Canagold Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canagold . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 16450.0 | |||
| Daily Balance Of Power | 0.6667 | |||
| Rate Of Daily Change | 1.07 | |||
| Day Median Price | 0.29 | |||
| Day Typical Price | 0.29 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.02 |
About Canagold Resources Buy or Sell Advice
When is the right time to buy or sell Canagold Resources? Buying financial instruments such as Canagold Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Other Information on Investing in Canagold Stock
Canagold Resources financial ratios help investors to determine whether Canagold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canagold with respect to the benefits of owning Canagold Resources security.