Centerra Gold's recent earnings report showcased its ability to outperform expectations, continuing a trend of strong operational performance.
On July 28, 2026, Centerra Gold Inc (CG.TO) released its second-quarter earnings, revealing a net earnings per share (EPS) of $0.39, which surpassed analyst estimates of $0.38 by 2.63%. This marks the fourth consecutive quarter of earnings beats for the company, reflecting its solid operational execution and strategic growth initiatives.
Recent earnings trend
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Centerra Gold Inc
CG.TO
CG.TO
Centerra Gold Inc
WealthAwesomeMarket cap
$4.79B
P/E
5.5x
Div. yield
0.78%
Div. / share
$0.20
52W high
$28.80
52W low
$9.10
1W change
+5.38%
Beta
1.56
Analyst Price Targets
Based on analyst covering CG
Wall Street analysts forecast CG stock price to rise 29.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$31.24
+29.6% Upside
Current Price
C$24.10
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
52.6%
Annualized
90-Day Vol
53.8%
Annualized
Trend (90d)
-8.1%
Annualized drift
90d Mean
C$23.41
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$23.87 | C$19.91 – C$28.62 |
| 60 trading days | C$23.64 | C$18.29 – C$30.56 |
| 90 trading days | C$23.41 | C$17.10 – C$32.06 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-27 | — | 0.4600 | — |
| 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% |
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Investor takeaway: Investors should note Centerra's consistent earnings performance and increased production guidance, which could signal further upside potential. However, they should also stay alert to cost pressures and operational risks that could affect future performance.
EPS of $0.39 vs. $0.38 estimate — a 2.63% surprise
With a P/E of 5.49 and a profit margin of 36.92%, Centerra Gold continues to show strong financial health, even while facing the challenges of rising costs.
Bull case
The company has raised its gold production guidance for 2026, demonstrating strong operational capabilities and a commitment to returning value to shareholders through buybacks and dividends. With a low P/E ratio compared to its peers, Centerra appears undervalued, suggesting there’s room for price growth.
Bear case
Despite the positive earnings surprise, rising costs related to sustaining capital expenditures and a free cash flow deficit raise concerns. Additionally, ongoing operational risks tied to project execution could impact future profitability.
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