Centerra Gold Inc has reported a strong second quarter, surpassing earnings expectations and increasing production guidance.
On July 28, 2026, Centerra Gold Inc (CG.TO) announced its second-quarter earnings, revealing a net earnings figure of $72.1 million, or $0.39 per share, which exceeded analysts' estimates of $0.38. This marks the fourth consecutive quarter of earnings beats for the company, reinforcing its solid operational performance and strategic focus on growth.
Recent earnings trend
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Centerra Gold Inc
CG.TO
CG.TO
Centerra Gold Inc
WealthAwesomeMarket cap
$4.76B
P/E
5.5x
52W high
$28.80
52W low
$9.10
1W change
+1.87%
Beta
1.56
Analyst Price Targets
Based on analyst covering CG
Wall Street analysts forecast CG stock price to rise 28.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$30.88
+28.9% Upside
Current Price
C$23.95
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CG's historical volatility
30-Day Vol
46.9%
Annualized
90-Day Vol
51.8%
Annualized
Trend (90d)
+22.0%
Annualized drift
90d Mean
C$25.90
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$24.58 | C$20.91 – C$28.90 |
| 60 trading days | C$25.24 | C$20.08 – C$31.72 |
| 90 trading days | C$25.90 | C$19.58 – C$34.28 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-28 | 0.3900 | 0.3800 | +2.6% |
| 2026-03-31 | 2026-04-29 | 0.4400 | 0.4300 | +2.3% |
| 2025-12-31 | 2026-02-19 | 0.4100 | 0.3700 | +10.8% |
| 2025-09-30 | 2025-10-28 | 0.3300 | 0.2500 | +32.0% |
| 2025-06-30 | 2025-08-06 | 0.2600 | 0.1800 | +44.4% |
| 2025-03-31 | 2025-05-06 | 0.1200 | 0.1300 | -7.7% |
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Investor takeaway: With a robust earnings report and increased production guidance, Centerra Gold demonstrates its ability to navigate market challenges effectively. Investors should consider the company's growth strategy and its potential for continued profitability in the competitive gold mining sector.
Q2 2026 Earnings Exceed Estimates by 2.6%
Centerra Gold achieved an EPS of $0.39 compared to the estimated $0.38, showcasing a consistent trend of exceeding expectations in earnings performance.
Bull case
Centerra Gold's consistent earnings beats and increased production guidance show strong operational management and a positive outlook for future growth. The company's strategic initiatives, like share buybacks and expanding production capacities, make it an attractive option for investors.
Bear case
Despite the positive earnings report, Centerra Gold faces challenges such as rising capital expenditures and potential execution risks tied to its growth projects. Investors should be cautious about how these factors might affect future performance.
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