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Centerra Gold Inc.TSX:CG Stock Report

Market Cap CA$4.7b
Share Price
CA$23.64
CA$32.42
27.1% undervalued intrinsic discount
1Y167.1%
7D-7.4%
Portfolio Value
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Centerra Gold Inc.

TSX:CG Stock Report

Market Cap: CA$4.7b

CG Community Fair Values

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Community Contributor
CA$5.07FV 68.6% undervalued intrinsic discount
4849.4%Revenue growth p.a.
13.3k
37
1
271
2mo ago

Centerra Gold Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Centerra Gold
Historical stock prices
Current Share PriceCA$23.64
52 Week HighCA$28.97
52 Week LowCA$8.69
Beta1.52
1 Month Change-4.45%
3 Month Change3.64%
1 Year Change167.12%
3 Year Change156.68%
5 Year Change97.33%
Change since IPO360.52%

Recent News & Updates

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.

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.

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.

Recent updates

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

Dec 23
Improved Earnings Required Before Centerra Gold Inc. (TSE:CG) Stock's 26% Jump Looks Justified

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.

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.

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.

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.

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.

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.

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.

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

Sep 09
Earnings Tell The Story For Centerra Gold Inc. (TSE:CG) As Its Stock Soars 27%

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

Aug 10
Centerra Gold (TSE:CG) Has Announced A Dividend Of $0.07

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

May 14
Centerra Gold's (TSE:CG) Problems Go Beyond Weak Profit

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

May 08
Centerra Gold Inc. Just Recorded A 5.8% Revenue Beat: Here's What Analysts Think
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Mount Milligan's Future Expansion May Enhance Revenue, But Cost Pressures Could Impact Margins

Long-term operations and strategic evaluations at Mount Milligan and Goldfield could enhance future earnings and revenue potential.

Shareholders Will Be Pleased With The Quality of Centerra Gold's (TSE:CG) Earnings

May 22
Shareholders Will Be Pleased With The Quality of Centerra Gold's (TSE:CG) Earnings

Estimating The Intrinsic Value Of Centerra Gold Inc. (TSE:CG)

Apr 05
Estimating The Intrinsic Value Of Centerra Gold Inc. (TSE:CG)

Centerra Gold Inc. (TSE:CG) Held Back By Insufficient Growth Even After Shares Climb 25%

Mar 15
Centerra Gold Inc. (TSE:CG) Held Back By Insufficient Growth Even After Shares Climb 25%

Shareholder Returns

CGCA Metals and MiningCA Market
7D-7.4%-6.2%0.3%
1Y167.1%90.2%36.6%

Return vs Industry: CG exceeded the Canadian Metals and Mining industry which returned 84.1% over the past year.

Return vs Market: CG exceeded the Canadian Market which returned 33.8% over the past year.

Price Volatility

Is CG's price volatile compared to industry and market?
CG volatility
CG Average Weekly Movement7.9%
Metals and Mining Industry Average Movement12.3%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.3%
10% least volatile stocks in CA Market4.0%

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 (8%) 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$4.75b
Earnings (TTM)CA$859.81m
Revenue (TTM)CA$2.13b
5.5x
P/E Ratio
2.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CG income statement (TTM)
RevenueUS$1.57b
Cost of RevenueUS$881.50m
Gross ProfitUS$688.26m
Other ExpensesUS$55.29m
EarningsUS$632.97m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.19
Gross Margin43.84%
Net Profit Margin40.32%
Debt/Equity Ratio0%

How did CG perform over the long term?

See historical performance and comparison

Dividends

1.2%
Current Dividend Yield
7%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/30 12:38
End of Day Share Price 2026/04/30 00:00
Earnings2026/03/31
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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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 25 analysts. 4 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
Brian QuastBMO Capital Markets Equity Research
Raj RayBMO Capital Markets Equity Research