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Updated 1m ago
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Centerra Gold Inc.TSX:CG Stock Report

Market Cap CA$6.3b
Updated 1m ago
Share Price
n/a
1Y145.5%
7D2.7%
1D1.3%
Portfolio Value
​
View

Centerra Gold Inc.

TSX:CG Stock Report

Market Cap: CA$6.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Centerra Gold (CG) Stock Overview

Engages in the operation, development, exploration, and acquisition of gold and copper properties in North America, Turkey, and internationally. More details

CG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 65.9% below our estimate of its fair value

Revenue is forecast to grow 11.75% per year

Earnings grew by 745.1% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 6.2% per year for the next 3 years

High level of non-cash earnings


CG Community Fair Values

Create Narrative

See what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
3.9% overvalued intrinsic discount
AnalystConsensusTarget
•1mo ago

CG: Investment Phase And Production Expansion Will Drive Long-Term Upside Potential

456
1
17
AN
AnalystHighTarget
13.1% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

Tier-One Projects Will Thrive As Geopolitical Uncertainty And Inflation Rise

66
0
3
AN
AnalystLowTarget
30.5% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Mount Milligan And Goldfield Will Suffer Rising ESG Costs

49
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
3.9% overvalued intrinsic discount
AnalystConsensusTarget
•1mo ago

CG: Investment Phase And Production Expansion Will Drive Long-Term Upside Potential

456
1
17
AN
AnalystHighTarget
13.1% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

Tier-One Projects Will Thrive As Geopolitical Uncertainty And Inflation Rise

66
0
3
AN
AnalystLowTarget
30.5% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Mount Milligan And Goldfield Will Suffer Rising ESG Costs

49
0
0
View all narratives

Centerra Gold Inc. Competitors

Torex Gold Resources

Symbol: TSX:TXG
Market cap: CA$6.3b

Fortuna Mining

Symbol: TSX:FVI
Market cap: CA$4.9b

OR Royalties

Symbol: TSX:OR
Market cap: CA$9.6b

SSR Mining

Symbol: TSX:SSRM
Market cap: CA$10.3b

Price History & Performance

Summary of share price highs, lows and changes for Centerra Gold
Historical stock prices
Current Share PriceCA$32.24
52 Week HighCA$33.94
52 Week LowCA$13.13
Beta1.63
1 Month Change-1.38%
3 Month Change37.07%
1 Year Change145.54%
3 Year Change350.91%
5 Year Change269.30%
Change since IPO528.05%

Recent News & Updates

User avatar
Narrative Update • Aug 09

CG: Future Cash Flows Will Reflect Balanced Production Gains And Capital Return Risks

Centerra Gold's updated fair value estimate has shifted, with the analyst price target moving by CA$1.39. Analysts cite revised growth assumptions and valuation multiples following recent target increases from CA$29 to CA$29.50 and from CA$37 to CA$38 across the Street.

Recent updates

User avatar
Narrative Update • Aug 09

CG: Future Cash Flows Will Reflect Balanced Production Gains And Capital Return Risks

Centerra Gold's updated fair value estimate has shifted, with the analyst price target moving by CA$1.39. Analysts cite revised growth assumptions and valuation multiples following recent target increases from CA$29 to CA$29.50 and from CA$37 to CA$38 across the Street.
User avatar
Narrative Update • Jul 23

CG: Expanded Credit Facility And Cash Generation Will Support Future Upside

Centerra Gold's updated analyst price target of CA$29, up from CA$21, reflects analysts' refreshed assumptions on fair value, discount rate, growth, margins, and future P/E following recent Street research. What’s in the News for Centerra Gold Centerra Gold amended its revolving credit facility with its syndicate of lenders, extending the term to July 15, 2030 and increasing the size to US$600 million from US$400 million.
User avatar
Narrative Update • Jul 09

CG: Drilling Push And Buybacks Will Test Fair Value Assumptions

Analysts have lifted the fair value estimate for Centerra Gold to CA$24.70 from CA$22.78, citing higher Street price targets, including Scotiabank's move to raise its Centerra Gold target to CA$29.00 from CA$21.00, along with updated assumptions for revenue growth, discount rate, profit margin, and future P/E. Analyst Commentary Street research on Centerra Gold currently leans constructive on the stock, but the details of recent target changes also highlight where analysts still see risk.
User avatar
Narrative Update • Jun 19

CG: Higher Output And Buybacks Will Test Fair Value Assumptions

Analysts have lifted their CA$ price target for Centerra Gold by CA$2, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that align with recent Street research. What’s in the News for Centerra Gold Centerra Gold reported gold production of 68,001 oz for the three months ended March 31, 2026, compared with 59,379 oz for the same period a year earlier.
User avatar
Narrative Update • Jun 04

CG: Exploration Progress And Capital Returns Will Test Fair Value Assumptions

Analysts have raised their CA$ price target for Centerra Gold by about CA$0.81, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News Kenorland Minerals has started its first diamond drilling program at the Western Wabigoon (W2) project in northwestern Ontario under an option agreement with a Centerra Gold subsidiary.
Analysis Article • May 08

Shareholders In Centerra Gold (TSE:CG) Should Look Beyond Earnings For The Full Story

The latest earnings release from Centerra Gold Inc. ( TSE:CG ) disappointed investors. Our analysis found several...
User avatar
Narrative Update • Apr 30

CG: Higher Metal Price Decks And Cash Generation Will Support Future Upside

Analysts have nudged the CA$ price target on Centerra Gold higher, citing updated metal price forecasts for 2026 and revised expectations for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research points to a more constructive tone around Centerra Gold, with several bullish analysts adjusting their models after updating long term metal price forecasts and reworking assumptions on revenue, margins and future P/E multiples.
User avatar
Narrative Update • Apr 15

CG: Higher Metal Price Assumptions Will Struggle To Offset Execution Risk

Analysts have revised the average price target on Centerra Gold to CA$21.59 from CA$22.00, reflecting updated assumptions on metal prices, a slightly higher discount rate, modestly adjusted revenue growth and profit margin forecasts, and a steady forward P/E outlook. Analyst Commentary Recent Street research on Centerra Gold shows a mix of updated price targets and rating changes as analysts refresh their metal price assumptions for 2026 and reassess valuation and execution risks.
User avatar
Narrative Update • Apr 01

CG: Higher Metal Price Assumptions Will Face Risk From P/E Support

Narrative Update Analysts have raised the CA$ fair value estimate for Centerra Gold from CA$17.55 to CA$22.00, citing updated metal price forecasts for 2026, along with refreshed expectations for revenue growth, profit margins, and future P/E multiples as the key factors behind the higher price targets across several recent research notes. Analyst Commentary Recent research on Centerra Gold has centered on recalibrated metal price forecasts for 2026, which feed directly into updated fair value estimates and price targets.
User avatar
Narrative Update • Mar 18

CG: Higher Metal Price Assumptions Will Drive Future Cash Flow Upside

Analysts have nudged their average price target on Centerra Gold higher, pointing to updated metal price assumptions, refreshed forecasts for revenue growth and margins, and a series of recent CA$ price target increases from major firms as the key drivers behind the new CA$32.42 fair value estimate, up from CA$31.40. Analyst Commentary Recent Street research around Centerra Gold reflects a mix of optimism on valuation upside and caution on execution risk, with several firms adjusting price targets following updated metal price assumptions for 2026.
User avatar
Narrative Update • Mar 04

CG: Higher Metal Price Assumptions Will Support Future Earnings Power

Our updated work on Centerra Gold reflects a higher analyst price target of CA$31.40, up from CA$21.47, as analysts refresh their models following a series of Street target revisions tied to revised metal price assumptions and updated P/E expectations. Analyst Commentary Recent Street research on Centerra Gold clusters around a wave of target price adjustments tied to refreshed metal price forecasts and updated P/E assumptions.
User avatar
Narrative Update • Feb 17

CG: Higher Earnings Assumptions Will Face Risk From Lower Future P/E

Our updated Narrative price target for Centerra Gold moves from CA$9.48 to CA$17.55, reflecting analysts' higher assumptions for revenue growth, profit margins, and a lower future P/E multiple following a series of recent target hikes and an upgrade across several Canadian banks. Analyst Commentary Recent research highlights a cluster of higher price targets for Centerra Gold across several banks, but not all of the commentary is unreservedly positive.
User avatar
Narrative Update • Feb 03

CG: Higher-Priced Core Assets And Buybacks Will Support Future Upside

The analyst price target for Centerra Gold has been raised from $27.93 to $40.15 as analysts factor in updated assumptions around higher modeled revenue growth, a different profit margin profile, and a higher future P/E, supported by a series of recent target hikes and an upgrade from firms covering the stock. Analyst Commentary Bullish analysts covering Centerra Gold have been revisiting their models and adjusting price targets higher, reflecting updated views on revenue potential, profit margins, and the valuation multiples they are willing to use.
User avatar
Narrative Update • Jan 20

CG: Fair Value Outlook Balances Exploration Earn In And Share Buyback

The analyst price target for Centerra Gold has ticked higher by about C$0.25, with analysts pointing to updated fair value estimates, modest tweaks to discount and growth assumptions, as well as a lower projected future P/E multiple as key supports for the change. Analyst Commentary Bullish Takeaways Bullish analysts lifting their price targets, including the recent C$16.75 level, see room for the shares to better reflect updated fair value estimates.
User avatar
Narrative Update • Jan 06

CG: Fair Value Outlook Balances Project Expansion And Ongoing Share Buybacks

Analysts have nudged their fair value estimate for Centerra Gold higher from C$18.53 to C$20.54. This move aligns with a recent Street price target change to C$16.75, as they update assumptions on growth, margins and future P/E levels.
Analysis Article • Dec 23

Improved Earnings Required Before Centerra Gold Inc. (TSE:CG) Stock's 26% Jump Looks Justified

Despite an already strong run, Centerra Gold Inc. ( TSE:CG ) shares have been powering on, with a gain of 26% in the...
User avatar
Narrative Update • Dec 14

CG: Share Buybacks Will Support Upside As Core Assets Deliver

Analysts have raised their price target on Centerra Gold from about $15.00 to roughly $27.93, reflecting updated views on discount rates, slightly slower growth and margins, and a higher expected future P E multiple. Analyst Commentary Bullish analysts have recently highlighted a constructive outlook on Centerra Gold, pointing to resilient asset performance and improved earnings visibility as key supports for higher valuation.
User avatar
Narrative Update • Nov 30

CG: Investment Projects And Share Buybacks Will Balance Risks In The Year Ahead

Analysts have modestly increased their price target for Centerra Gold, raising it to C$16.75 from C$16.50. They cite steady revenue growth and the company’s ongoing investment phase as key factors in their assessment.
User avatar
Narrative Update • Nov 16

CG: Share Buyback And Expansions Will Balance Investment Risks Ahead

Centerra Gold's analyst price target has moved slightly higher to $18.48. This reflects a more positive outlook from analysts as they weigh improved revenue growth and margin forecasts against ongoing operational and investment challenges.
User avatar
Narrative Update • Nov 01

CG: Investment Phase And Production Expansion Will Drive Long-Term Upside Potential

Centerra Gold's analyst price target increased from $16.59 to $18.41. This change reflects improved revenue growth and profit margin expectations according to recent analyst updates.
User avatar
Narrative Update • Oct 18

Mount Milligan And Goldfield Upgrades Will Unlock Sustainable Potential

Centerra Gold's analyst price target has recently shifted by approximately 13 percent, with analysts attributing the revision to a mixed outlook on core operations and expectations for project investments. This is reflected in a new average estimate of $9.50 to C$14 per share.
User avatar
Narrative Update • Oct 04

Mount Milligan And Goldfield Upgrades Will Unlock Sustainable Potential

Centerra Gold's analyst price target has shifted upward to $14.62 from $13.47, as analysts cite a balanced outlook that reflects both ongoing investment projects and evolving asset performance across the company’s portfolio. Analyst Commentary Recent analyst coverage reveals divided perspectives on Centerra Gold's current positioning and future trajectory.
User avatar
Narrative Update • Sep 14

Mount Milligan And Goldfield Upgrades Will Unlock Sustainable Potential

Analysts have raised Centerra Gold’s price target from CA$12.57 to CA$13.47 on optimism about its undervalued project pipeline and longer-term growth opportunities, though near-term cash flow and production concerns remain. Analyst Commentary Bullish analysts highlight deep value and potential upside from Centerra’s significant project pipeline, including Thompson Creek, Goldfield, and Kemess.
Analysis Article • Sep 09

Earnings Tell The Story For Centerra Gold Inc. (TSE:CG) As Its Stock Soars 27%

The Centerra Gold Inc. ( TSE:CG ) share price has done very well over the last month, posting an excellent gain of 27...
Analysis Article • Aug 10

Centerra Gold (TSE:CG) Has Announced A Dividend Of $0.07

Centerra Gold Inc. ( TSE:CG ) has announced that it will pay a dividend of $0.07 per share on the 4th of September. The...
Analysis Article • May 14

Centerra Gold's (TSE:CG) Problems Go Beyond Weak Profit

Centerra Gold Inc.'s ( TSE:CG ) stock showed strength, with investors undeterred by its weak earnings report. We think...
Analysis Article • May 08

Centerra Gold Inc. Just Recorded A 5.8% Revenue Beat: Here's What Analysts Think

It's been a pretty great week for Centerra Gold Inc. ( TSE:CG ) shareholders, with its shares surging 14% to CA$10.08...

Shareholder Returns

CGCA Metals and MiningCA Market
7D2.7%0.08%0.2%
1Y145.5%44.1%21.3%

Return vs Industry: CG exceeded the Canadian Metals and Mining industry which returned 44.1% over the past year.

Return vs Market: CG exceeded the Canadian Market which returned 21.3% over the past year.

Price Volatility

Is CG's price volatile compared to industry and market?
CG volatility
CG Average Weekly Movement7.1%
Metals and Mining Industry Average Movement10.5%
Market Average Movement9.0%
10% most volatile stocks in CA Market16.0%
10% least volatile stocks in CA Market3.6%

Stable Share Price: CG has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aPaul Botond Tomorywww.centerragold.com

Centerra Gold Inc. engages in the operation, development, exploration, and acquisition of gold and copper properties in North America, Turkey, and internationally. The company also owns and operates a molybdenum business unit, which includes a metallurgical processing facility and two primary molybdenum properties. Its principal assets include the Mount Milligan gold-copper mine located in British Columbia, Canada; the Öksüt gold mine located in Türkiye; the Kemess project in British Columbia, Canada; the Goldfield District project in Nevada, United States; the Thompson Creek Mine in Idaho; and 75% owned the Endako Mine in British Columbia, Canada.

Centerra Gold Inc. Fundamentals Summary

How do Centerra Gold's earnings and revenue compare to its market cap?
CG fundamental statistics
Market capCA$6.31b
Earnings (TTM)CA$890.58m
Revenue (TTM)CA$2.41b
7.1x
P/E Ratio
2.6x
P/S Ratio

Is CG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CG income statement (TTM)
RevenueUS$1.72b
Cost of RevenueUS$959.85m
Gross ProfitUS$764.28m
Other ExpensesUS$127.77m
EarningsUS$636.51m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.25
Gross Margin44.33%
Net Profit Margin36.92%
Debt/Equity Ratio0%

How did CG perform over the long term?

See historical performance and comparison

Dividends

0.9%
Current Dividend Yield
6%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 01:36
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Centerra Gold Inc. is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrayATB Cormark
Raj RayBMO Capital Markets Equity Research
Brian QuastBMO Capital Markets Equity Research

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