Cerrado Gold Inc.

TSXV:CERT Stock Report

Market Cap: CA$225.9m

Cerrado Gold Past Earnings Performance

Past criteria checks 0/6

Cerrado Gold has been growing earnings at an average annual rate of 13.3%, while the Metals and Mining industry saw earnings growing at 21.7% annually. Revenues have been growing at an average rate of 18.8% per year.

Key information

13.26%

Earnings growth rate

32.38%

EPS growth rate

Metals and Mining Industry Growth27.39%
Revenue growth rate18.78%
Return on equity-5.19%
Net Margin-1.96%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article Aug 29

Solid Earnings Reflect Cerrado Gold's (CVE:CERT) Strength As A Business

Cerrado Gold Inc. ( CVE:CERT ) just reported healthy earnings but the stock price didn't move much. Investors are...

Recent updates

Narrative Update May 29

Valuation Update (May 2026)

FCF Multiple Model at US$6,000/oz and US$7,000/oz Gold This is a simplified free cash flow valuation model. It uses MDN’s published PEA production and free cash flow assumptions as the base, then applies a gold price uplift.
Analysis Article Jan 21

There's No Escaping Cerrado Gold Inc.'s (CVE:CERT) Muted Revenues Despite A 32% Share Price Rise

Cerrado Gold Inc. ( CVE:CERT ) shares have continued their recent momentum with a 32% gain in the last month alone...
Analysis Article Nov 26

Is Cerrado Gold (CVE:CERT) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Sep 17

Cerrado Gold Inc.'s (CVE:CERT) 29% Share Price Surge Not Quite Adding Up

Cerrado Gold Inc. ( CVE:CERT ) shares have continued their recent momentum with a 29% gain in the last month alone. The...
Narrative Update Sep 13

125 Baggers at Full Potential !

Here’s the freshest, need-to-know on Cerrado Gold (TSXV: CERT / OTCQX: CRDOF) , focused on your three pillars: Gold/Silver bull market (macro tailwind) Gold just printed successive all-time highs around $3,600–$3,670/oz on growing Fed-cut expectations, a weaker USD and record central-bank buying. Major houses (ANZ) now see $3,800 YE-2025 and a possible $4,000 peak by mid-2026.
Analysis Article Aug 29

Solid Earnings Reflect Cerrado Gold's (CVE:CERT) Strength As A Business

Cerrado Gold Inc. ( CVE:CERT ) just reported healthy earnings but the stock price didn't move much. Investors are...
Analysis Article Aug 02

Cerrado Gold Inc. (CVE:CERT) Surges 36% Yet Its Low P/S Is No Reason For Excitement

The Cerrado Gold Inc. ( CVE:CERT ) share price has done very well over the last month, posting an excellent gain of...
Analysis Article Apr 22

Cerrado Gold Inc.'s (CVE:CERT) Shares Bounce 43% But Its Business Still Trails The Industry

Cerrado Gold Inc. ( CVE:CERT ) shares have continued their recent momentum with a 43% gain in the last month alone. The...
Analysis Article Feb 06

Cerrado Gold Inc.'s (CVE:CERT) Shares Not Telling The Full Story

You may think that with a price-to-sales (or "P/S") ratio of 0.2x Cerrado Gold Inc. ( CVE:CERT ) is definitely a stock...
Analysis Article Oct 12

Cerrado Gold Inc. (CVE:CERT) Shares Fly 29% But Investors Aren't Buying For Growth

Cerrado Gold Inc. ( CVE:CERT ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
Analysis Article Aug 13

Insufficient Growth At Cerrado Gold Inc. (CVE:CERT) Hampers Share Price

With a price-to-sales (or "P/S") ratio of 0.1x Cerrado Gold Inc. ( CVE:CERT ) may be sending very bullish signals at...
Analysis Article Apr 05

A Piece Of The Puzzle Missing From Cerrado Gold Inc.'s (CVE:CERT) 37% Share Price Climb

Cerrado Gold Inc. ( CVE:CERT ) shareholders are no doubt pleased to see that the share price has bounced 37% in the...
Analysis Article Apr 19

Cerrado Gold Inc. (CVE:CERT) Surges 26% Yet Its Low P/S Is No Reason For Excitement

Cerrado Gold Inc. ( CVE:CERT ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
Analysis Article Mar 10

Cerrado Gold's (CVE:CERT) Returns On Capital Are Heading Higher

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article Aug 08

We Like These Underlying Return On Capital Trends At Cerrado Gold (CVE:CERT)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Revenue & Expenses Breakdown

How Cerrado Gold makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSXV:CERT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26171-3210
31 Dec 25147-20170
30 Sep 25124-15160
30 Jun 251192160
31 Mar 251252150
31 Dec 241161150
30 Sep 241226180
30 Jun 241071180
31 Mar 2493-1200
31 Dec 23100-3230
30 Sep 2395-9200
30 Jun 2391-16200
31 Mar 2390-17200
31 Dec 2290-6180
30 Sep 2289-2190
30 Jun 22893180
31 Mar 22863180
31 Dec 2170-6170
30 Sep 2157-14160
30 Jun 2152-15130
31 Mar 2143-15140
31 Dec 2032-13120
30 Sep 2022-880
30 Jun 209-760
31 Mar 200-530
31 Dec 190-320
31 Dec 180-210

Quality Earnings: CERT is currently unprofitable.

Growing Profit Margin: CERT is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CERT is unprofitable, but has reduced losses over the past 5 years at a rate of 13.3% per year.

Accelerating Growth: Unable to compare CERT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CERT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (129.4%).


Return on Equity

High ROE: CERT has a negative Return on Equity (-5.19%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 23:57
End of Day Share Price 2026/06/15 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

Cerrado Gold Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kerry SmithHaywood Securities Inc.
Heiko IhleH.C. Wainwright & Co.
Ronald StewartRed Cloud Securities