Centerra Gold

CGAU

Gold · Basic Materials

Price

$23.75

+0.26 (+1.11%)

Market Cap

$4.65B

Exchange

New York Stock Exchange

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Strong

Cash Flow

Mixed

Stability

Good

Valuation

Good

Dividends

Weak

Track this stock — start free trial

Share count falling — buybacks

−30.7% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 296.6M (2021) → 205.6M (2025)

Winston Score History

The full picture

Centerra Gold is a Canadian mining company that digs gold and copper out of the ground and sells those metals on global commodity markets. Its main asset is the Mount Milligan mine in British Columbia, Canada, which produces both gold and copper. The company also operates the Öksüt gold mine in Turkey, making it one of the mid-tier gold producers listed on North American stock exchanges.

Centerra makes money by selling physical gold and copper at prevailing market prices, so its revenue rises and falls with commodity prices rather than subscriptions or contracts. The company operates primarily in Canada and Turkey, with a market cap around $3.2 billion, putting it in the mid-tier range among gold miners. A streaming agreement on Mount Milligan — where Royal Gold receives a portion of production at fixed low prices — limits Centerra's upside from that asset, and ongoing geopolitical risk in Turkey remains a key concern for investors watching the Öksüt operation.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+53.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+12.1% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

0.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~7 years

$681M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$681M cash & investments at current burn rate

Revenue accelerating

Centerra Gold grew revenue 54% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

35.9%

Modest — 35.9% gross margin

Profit after running costs

Operating Margin

26.7%

Excellent — 26.7% operating margin

Return on the money invested

ROCE

20.4%

Exceptional — 20.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+39.9%

Fast-growing sales (+39.9% YoY)

Profit growth

EPS YoY

+777.8%

Earnings growing fast (+777.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

70%

Modest — 70% of profit becomes cash

Spare cash per sale

FCF Margin

5.4%

Thin free cash flow (5.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

25.99x

Comfortably covers interest (26.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

7.5x

Attractive valuation — P/E 7.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

-3.4

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

0.86%

Small dividend — 0.86% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+1.6%

Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial