# Centerra Gold Inc. (CG.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$31.73, market value C$6.2 billion.

## Valuation
- **P/E (trailing): 7.3×** (5-yr avg 11.7×, 3-yr avg 14.7×). Centerra Gold Inc. trades at 7.3× trailing earnings, well below its own five-year average of 11.7×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 11.9×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.02**. A PEG of 0.02 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.7×**. Each dollar of revenue is priced at 2.7×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.7×**. Enterprise value is 4.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 3.0%** (5-yr avg 5.3%). Free cash flow equals 3.0% of the market value, below its five-year average of 5.3%, so the shares are pricier on cash than usual.
- **Earnings yield: 13.6%**. The inverse of the P/E: 13.6% of the price is earned each year.

## Profitability
- **Gross margin: 35.2%**. Centerra Gold Inc. keeps 35.2% of revenue after the direct cost of what it sells.
- **Operating margin: 40.4%**. 40.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 42.9%**. 42.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 28.9%**. 28.9% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 32.7%**. Return on all capital, debt included, is 32.7%: comfortably above what that capital costs.
- **Return on assets: 21.7%**. Each dollar of assets produces 21.7% of profit.

## Growth
- **Revenue growth (1 yr): 14.0%** (3-yr 17.7%/yr, 5-yr -3.9%/yr). Revenue grew 14.0% over the last year, against -3.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 725.7%** (5-yr 16.1%/yr). Earnings per share rose 725.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Centerra Gold Inc. holds more cash than debt.
- **Interest coverage: 40.3×**. Operating profit covers interest 40.3× over, a safe margin.
- **Current ratio: 2.39** (quick 1.65). Current assets cover the next year's liabilities 2.39 times.
- **Altman Z-score: 6.19**. A Z-score of 6.19 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.88%** (C$0.28 per share, trailing). Centerra Gold Inc. yields 0.88%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 7%** (30% of free cash flow). 7% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 9.2%/yr** (1-yr 0.0%). The dividend has grown 9.2% a year over five years.
- **Shareholder yield: 3.5%**. Dividends plus net buybacks return 3.5% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Centerra Gold Inc.; the consensus is buy, with an average price target of C$30.94 (-2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 178.6%** (YTD 61.5%, 3-mo 48.9%). The shares are up 178.6% over twelve months including dividends.
- **From 52-week high: -6.5%** (166.6% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 2.81** (volatility 52%). Beta of 2.81 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CG.TO · Page: https://foliofundamentals.com/stocks/cg.to

Not investment advice.