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CG

Centerra GoldTSX:CG Stock Report

Market Cap

CA$3.0b

7D

7.4%

1Y

-18.9%

Updated

25 Oct, 2021

Data

Company Financials +
CG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

CG Overview

Centerra Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally.

Centerra Gold Competitors

Barrick Gold

TSX:ABX

CA$43.1b

Kinross Gold

TSX:K

CA$10.1b

Endeavour Mining

TSX:EDV

CA$8.0b

B2Gold

TSX:BTO

CA$5.8b

Price History & Performance

Summary of all time highs, changes and price drops for Centerra Gold
Historical stock prices
Current Share PriceCA$10.02
52 Week HighCA$8.21
52 Week LowCA$16.00
Beta0.87
1 Month Change14.78%
3 Month Change3.41%
1 Year Change-18.87%
3 Year Change104.07%
5 Year Change47.79%
Change since IPO95.20%

Recent News & Updates

Aug 14
What Does The Future Hold For Centerra Gold Inc. (TSE:CG)? These Analysts Have Been Cutting Their Estimates

What Does The Future Hold For Centerra Gold Inc. (TSE:CG)? These Analysts Have Been Cutting Their Estimates

The analysts covering Centerra Gold Inc. ( TSE:CG ) delivered a dose of negativity to shareholders today, by making a...

Jun 18
Estimating The Fair Value Of Centerra Gold Inc. (TSE:CG)

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

In this article we are going to estimate the intrinsic value of Centerra Gold Inc. ( TSE:CG ) by taking the forecast...

May 21
Centerra Gold Inc. (TSE:CG) Analysts Just Slashed This Year's Estimates

Centerra Gold Inc. (TSE:CG) Analysts Just Slashed This Year's Estimates

One thing we could say about the analysts on Centerra Gold Inc. ( TSE:CG ) - they aren't optimistic, having just made a...

Shareholder Returns

CGCA Metals and MiningCA Market
7D7.4%3.0%1.7%
1Y-18.9%1.5%36.5%

Return vs Industry: CG underperformed the Canadian Metals and Mining industry which returned -1.6% over the past year.

Return vs Market: CG underperformed the Canadian Market which returned 33.6% over the past year.

Price Volatility

Is CG's price volatile compared to industry and market?
CG volatility
CG Beta0.87
Industry Beta1.13
Market Beta1

Stable Share Price: CG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20023,650Scott Perryhttps://www.centerragold.com

Centerra Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its principal projects include the 100% owned the Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey. The company was incorporated in 2002 and is headquartered in Toronto, Canada.

Centerra Gold Fundamentals Summary

How do Centerra Gold's earnings and revenue compare to its market cap?
CG fundamental statistics
Market CapUS$2.40b
Earnings (TTM)US$657.69m
Revenue (TTM)US$1.86b

3.7x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CG income statement (TTM)
RevenueUS$1.86b
Cost of RevenueUS$645.78m
Gross ProfitUS$1.21b
ExpensesUS$555.68m
EarningsUS$657.69m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 05, 2021

Earnings per share (EPS)2.22
Gross Margin65.26%
Net Profit Margin35.38%
Debt/Equity Ratio0%

How did CG perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

7%

Payout Ratio

Valuation

Is Centerra Gold undervalued compared to its fair value and its price relative to the market?

3.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CG (CA$10.02) is trading above our estimate of fair value (CA$5.63)

Significantly Below Fair Value: CG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CG is good value based on its PE Ratio (3.7x) compared to the Canadian Metals and Mining industry average (11.1x).

PE vs Market: CG is good value based on its PE Ratio (3.7x) compared to the Canadian market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: CG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CG is good value based on its PB Ratio (1.4x) compared to the CA Metals and Mining industry average (2.5x).


Future Growth

How is Centerra Gold forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-32.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CG's earnings are forecast to decline over the next 3 years (-32.2% per year).

Earnings vs Market: CG's earnings are forecast to decline over the next 3 years (-32.2% per year).

High Growth Earnings: CG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CG's revenue is expected to decline over the next 3 years (-16% per year).

High Growth Revenue: CG's revenue is forecast to decline over the next 3 years (-16% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Centerra Gold performed over the past 5 years?

12.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CG has high quality earnings.

Growing Profit Margin: CG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CG's earnings have grown by 12.8% per year over the past 5 years.

Accelerating Growth: CG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (102.9%).


Return on Equity

High ROE: CG's Return on Equity (37.3%) is considered high.


Financial Health

How is Centerra Gold's financial position?


Financial Position Analysis

Short Term Liabilities: CG's short term assets ($1.2B) exceed its short term liabilities ($209.1M).

Long Term Liabilities: CG's short term assets ($1.2B) exceed its long term liabilities ($357.6M).


Debt to Equity History and Analysis

Debt Level: CG is debt free.

Reducing Debt: CG has no debt compared to 5 years ago when its debt to equity ratio was 6.8%.

Debt Coverage: CG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Centerra Gold current dividend yield, its reliability and sustainability?

2.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CG's dividend (2.69%) is higher than the bottom 25% of dividend payers in the Canadian market (1.55%).

High Dividend: CG's dividend (2.69%) is low compared to the top 25% of dividend payers in the Canadian market (4.5%).


Stability and Growth of Payments

Stable Dividend: CG's dividend payments have been volatile in the past 10 years.

Growing Dividend: CG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.3%), CG's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Scott Perry (45 yo)

5.92yrs

Tenure

US$3,802,055

Compensation

Mr. Scott Graeme Perry, B.Comm., CPA, has been Chief Executive Officer of Centerra Gold Inc. since November 01, 2015 and its President since January 1, 2018. Mr. Perry served as the Chief Executive Officer...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD3.80M) is above average for companies of similar size in the Canadian market ($USD2.84M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CG's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: CG's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Centerra Gold Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Centerra Gold Inc.
  • Ticker: CG
  • Exchange: TSX
  • Founded: 2002
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$2.974b
  • Shares outstanding: 296.78m
  • Website: https://www.centerragold.com

Number of Employees


Location

  • Centerra Gold Inc.
  • 1 University Avenue
  • Suite 1500
  • Toronto
  • Ontario
  • M5J 2P1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 23:18
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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 here.