CGAU
Centerra Gold Inc.
CGAU's fundamentals are strong: revenue grew 40% and its operating margin rose 10 points to 26%. Its PE of 6.6x looks cheaper than it really is, because one-off gains boosted its recent earnings. Analysts expect earnings growth, though they disagree widely on how much.
CGAU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
CGAU's revenue, profitability, cash flow and balance sheet are all currently healthy.
CGAU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.2x | $13.06 | -36% |
| Current | 6.6x | $20.29 | — |
| Fair | 9x | $27.89 | +37% |
| Forward | 12x | $20.29 | — |
| Expensive | 22x | $66.54 | +228% |
Historical ranges are pointers, not guarantees.
CGAU's PE is in its fair range at 6.6x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 12x.
CGAU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CGAU, but weaker profitability. However, they disagree widely on these estimates.
CGAU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.73 | -44% |
| Q2 2026 | $3.09 | +836% |
| Q1 2026 | $3.06 | +1511% |
| Q4 2025 | $2.80 | +678% |
| Q3 2025 | $1.59 | +238% |
| Q2 2025 | $0.33 | -46% |
| Q1 2025 | $0.19 | -24% |
| Q4 2024 | $0.36 | +$0.75 |
| Q3 2024 | $0.47 | +$1.32 |
CGAU's earnings per share have jumped to their highest in seven years: $3.09 over the past year, up from $0.33 the year before. Its recent earnings include one-off gains.
CGAU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $442.7M | +54% |
| Q1 2026 | $484.7M | +62% |
| Q4 2025 | $376.4M | +24% |
| Q3 2025 | $395.2M | +22% |
| Q2 2025 | $288.3M | +2.1% |
| Q1 2025 | $299.5M | -2.1% |
| Q4 2024 | $302.4M | -11% |
| Q3 2024 | $323.9M | -5.8% |
CGAU's revenue has grown year over year for five quarters in a row: $443M last quarter, up 54% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 27% | +7.2 points |
| Q1 2026 | 30% | +16 points |
| Q4 2025 | 23% | +9.5 points |
| Q3 2025 | 23% | +6.3 points |
| Q2 2025 | 20% | +2.7 points |
| Q1 2025 | 14% | -13 points |
| Q4 2024 | 13% | +8.9 points |
| Q3 2024 | 17% | -12 points |
CGAU's operating margin was 27% last quarter, up 7.2 points from the same quarter a year ago.
CGAU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$23M | +$2.6M |
| Q1 2026 | $47.8M | +376% |
| Q4 2025 | -$31.2M | -166% |
| Q3 2025 | $98.6M | +163% |
| Q2 2025 | -$25.6M | +$1.5M |
| Q1 2025 | $10M | -88% |
| Q4 2024 | $47M | -58% |
| Q3 2024 | $37.5M | -74% |
CGAU usually generates cash, though not every quarter: the latest was −$23M, but it generated $92M over the past year.
CGAU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +460K shares |
| 1 year | -4% | -8.5M shares |
| 3 years | -7.5% | -16.4M shares |
| 5 years | -32% | -94.7M shares |
| Available history | -32% | -93.2M shares |
CGAU has 202M diluted shares, down 4% from a year ago, with $124M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $49.7M |
| Q1 2026 | $22.2M |
| Q4 2025 | $29.7M |
| Q3 2025 | $22.1M |
| Q2 2025 | $27M |
| Q1 2025 | $14.9M |
| Q4 2024 | $12.2M |
| Q3 2024 | $12M |
CGAU spent $124M buying back its own shares over the past year, up 87% from the year before.
CGAU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
| Q3 2024 | -1.6x | Net Cash |
CGAU has more cash than debt.
CGAU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.2 | Neutral |
| Stochastic | 45.0 | Neutral |
CGAU's weekly RSI is 51 (neutral) and its Stochastic is 45 (neutral).
CGAU PE vs Basic Materials Sector
| Metric | CGAU | Sector median | Relative |
|---|---|---|---|
| PE | 6.6x | 19x | 65% below |
| PE % | 35 | 40 | 5 pts below |
CGAU is trading at 6.6x earnings, a 65% discount to the Basic Materials sector's median of 19x, though its recent earnings include one-off gains.
CGAU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $21.4 | 5.1% below |
| 20 week MA | $20.5 | 1.2% below |
| 50 week MA | $18.4 | 10% above |
| 100 week MA | $13.1 | 55% above |
| 200 week MA | $9.64 | 110% above |
CGAU has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 110% above its 200-week average.
CGAU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.86 | $11.8 | +51% |
| 2021 | $11.8 | $7.73 | -35% |
| 2022 | $7.73 | $5.29 | -32% |
| 2023 | $5.29 | $5.96 | +13% |
| 2024 | $5.96 | $5.67 | -4.9% |
| 2025 | $5.67 | $15.2 | +168% |
| 2026 YTD | $15.2 | $20.3 | +34% |
CGAU is up 34% so far in 2026, after finishing lower in three of the previous six years.