Centerra Gold Inc. (CGAU) is a publicly traded company in the Basic Materials — Gold industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Centerra Gold Inc. is an enterprise engaged in gold mining, with activities encompassing the acquisition, exploration, development, and operation of gold, copper, and molybdenum deposits. Its geographical reach spans North America, Turkey, and other international regions. Prominent among its ventures are the Mount Milligan gold-copper mine, wholly owned and located in British Columbia, Canada, and the Öksüt Gold Mine in Turkey.
Is Centerra Gold Inc. stock overvalued or undervalued in 2026?
Centerra Gold Inc. (CGAU) trades at 6.6× earnings (P/E), against a median of 18.8× across the 156 materials companies above $2bn in Kaplio's universe. Earnings per share over the last twelve months ($3.09) include about $1.52 of gains from outside the business; without them, they would be around $1.57, and the consensus expects $2.04 for 2027. That is why this range uses expected earnings. No valuation verdict: it is a cyclical and today's P/E (6.6) does not tell whether it is cheap.
Kaplio overview: Centerra Gold Inc.
Market cap $4B · 52 weeks $11 – $24 (16 % below the high) · P/E 6.6× · 2027 expected P/E 10.0× · Dividend 0.98 % · Next earnings February 18, 2027 · expected EPS $0.34 · Closing price, Oct 29 · accounts published Oct 29.
- Valuation: P/E 6.6× (no verdict).
- Business: ROIC 19 % (fair).
- Balance sheet: Net cash/EBITDA 0.6× (solid).
- Earnings: 6 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (6.6) does not tell whether it is cheap.
Earnings per share over the last twelve months ($3.09) include about $1.52 of gains from outside the business; without them, they would be around $1.57, and the consensus expects $2.04 for 2027. That is why this range uses expected earnings.
Why is Centerra Gold Inc.'s P/E so low?
Centerra Gold Inc. trades at a P/E of 6.6× on reported earnings, but over the last 12 months 49 % of its pre-tax income ($430M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 13.0×. On analysts' expected earnings for 2027, its P/E is 10.0×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 29, 2025 | $92.0M | $260M | $292M |
| December 31, 2025 | $84.9M | $177M | $196M |
| March 31, 2026 | $147M | −$14.7M | $79.4M |
| June 30, 2026 | $118M | $7.9M | $72.1M |
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 50.6 times.
What matters in materials: 5 of 7 pass
- FCF yield 3.8 %, fails.
- Capex / D&A 2.2×, fails.
- Gross margin 33.5 %, passes.
- Net debt / EBITDA (trough) −0.6×, passes.
- Dividend coverage 2.3×, passes.
- Altman Z-Score 3.7, passes.
- P/B across cycles 1.9×, passes, near the threshold.
- Cycle-adjusted EV/EBITDA 4.2×, info.
Against its peers (reference peers) — Centerra Gold Inc.: P/E 6.6×; EV/EBITDA 7.5×; ROIC 18.9 %; $4.0B. Aris Mining Corporation (P/E 11.3×; EV/EBITDA 5.7×; ROIC 13.3 %; $3.2B), OceanaGold Corporation (P/E 6.6×; EV/EBITDA 3.3×; ROIC 25.9 %; $5.6B), Seabridge Gold Inc. (P/E 125×; EV/EBITDA —; ROIC -1.1 %; $2.8B).
Dividend
tight (only raised recently) · Yield 0.98 % ($0.20 per ADS in 2025) · Years raising it 1 · 5-year growth +8 % a year · Free cash flow coverage 2.8× · With $1,000 invested today you'd collect $9.80 a year ($0.82 a month).
Profitability
| Return on Equity | 30.90% |
| Return on Invested Capital | 18.94% |
| Return on Assets | 20.62% |
| Gross Margin | 35.22% |
| Operating Margin | 40.41% |
| Net Margin | 37.72% |
Financial Health
| Debt / Equity | 0.02 |
| Current Ratio | 2.42 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 3.72 |
Price Performance
| 1 month | -6.20% |
| 3 months | +18.85% |
| Year-to-date | +42.17% |
| 1 year | +73.14% |
| 3 years | +302.17% |
| 5 years | +172.40% |
| 10 years | +278.33% |
Dividend History
Paid in the last 12 months: $0.2028 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-19 | $0.0506 |
| 2026-05-21 | $0.0508 |
| 2026-03-12 | $0.0514 |
| 2025-11-13 | $0.0500 |
| 2025-08-21 | $0.0504 |
| 2025-05-22 | $0.0505 |
| 2025-03-13 | $0.0484 |
| 2024-11-13 | $0.0501 |
| 2024-08-15 | $0.0510 |
| 2024-05-29 | $0.0510 |
Amounts adjusted for stock splits.
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Explore sector: Basic Materials · Gold
More sections of CGAU: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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