Centerra Gold trades at a 30%+ discount to NAV, offering upside if a catalyst emerges. CGAU's diversified North American and Turkish operations, strong balance sheet, and shareholder returns support valuation amid gold price weakness. Upcoming projects—Kemess, Goldfield, and molybdenum relaunch—provide medium-term growth and cash flow diversification beyond gold.
Centerra Gold is rated a strong buy, offering 150% upside if gold and copper prices remain elevated. Mount Milligan's NPV at bull case prices ($3.6B) exceeds CGAU's market cap, with other mines essentially free at current valuation. The current stock price already reflects a bear case for gold and copper, meaning limited downside from here, with significant upside if prices sustain.
Centerra Gold NYSE: CGAU shareholders approved all formal items of business at the company's annual general meeting, including the election of eight directors, the reappointment of KPMG LLP as auditor and a non-binding advisory resolution on executive compensation.
I am rating Centerra Gold a 'Strong Buy' due to robust cash generation, a net cash position, and shareholder returns even before factoring in future growth. Mount Milligan and Öksüt mines fund growth initiatives, minimizing dilution risk and supporting a structurally resilient margin profile through copper by-product credits. Öksüt's ongoing optimization and potential reserve life extension offer upside, while Thompson Creek's restart could drive a valuation rerating as production expands by 2027.
The recent divergence between gold's traditional drivers and its price movement on Iran conflict headlines has created a compelling setup for gold miners. As geopolitical tensions resolve, investor attention is likely to shift back to the pre-conflict macro conditions, including Fed rate cuts, a weaker U.S. dollar, and sustained demand from central banks. In that environment, gold stocks offer leveraged exposure through strong forward earnings and expanding profit margins.
Centerra's Q1 outlook points to steady output but rising costs, with strong gold prices helping offset margin pressure amid operational and supply chain challenges.
CGAU and CDE show contrasting Q4 results as Centerra posts 70,853 oz gold output while Coeur delivers 112,429 oz gold and 4.6M oz silver.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Centerra Gold posts steady Q4 output as higher throughput and grades lift Mount Milligan, while strong liquidity and project advances support long-term growth.
Investors interested in Mining - Gold stocks are likely familiar with Centerra Gold Inc. (CGAU) and Triple Flag Precious Metals (TFPM). But which of these two stocks is more attractive to value investors?
CGAU posts $401.6M Q4 2025 revenue as higher gold and copper prices offset lower sales volumes from key mines.
Allied Gold and Centerra Gold ramp up output, expand mines and post surging shares as gold prices fuel growth and bold 2026 plans.