Centerra Gold Inc. stock declines amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Centerra Gold Inc. shares fell by 5.96% as the stock crossed below its 5-day SMA, reflecting a challenging trading environment.
The decline in Centerra Gold's stock price comes amid broader market weakness, with the Nasdaq-100 down 0.87% and the S&P 500 down 0.76%. This sector rotation indicates that investors are moving away from gold stocks in favor of other sectors, contributing to the downward pressure on Centerra Gold's shares.
As market conditions remain unfavorable, investors may need to reassess their positions in gold stocks, particularly in light of the current economic climate.
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Analyst Views on CGAU
Wall Street analysts forecast CGAU stock price to rise
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 17.050
Low
12.92
Averages
20.81
High
27.33
Current: 17.050
Low
12.92
Averages
20.81
High
27.33
About CGAU
Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Turkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Oksut Mine in Turkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada. Mount Milligan Mine is a conventional truck-shovel open-pit copper and gold mine located 155 km northwest of Prince George. The Oksut Mine is an open-pit heap leach gold mining operation located 300 kilometers southeast of Ankara in Turkiye and 48 kilometers south of Kayseri. The Molybdenum BU includes the Langeloth Facility in Pennsylvania and the Thompson Creek Mine in Idaho. Kemess is a past producing mine in the Toodoggone District in the northern interior of British Columbia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Centerra Gold Releases 2025 Sustainability Report Highlighting ESG Achievements
- Greenhouse Gas Emissions: In 2025, Centerra reported total global scope 1 and 2 greenhouse gas emissions of 198,110 tonnes of CO2 equivalent, reflecting a 15% year-over-year increase primarily due to heightened activities at Thompson Creek during its restart phase, indicating challenges in sustainability efforts.
- Increased Community Investment: The company contributed $3.1 million towards community investments and donations in 2025, supporting the social, economic, cultural, and environmental well-being of host communities, demonstrating Centerra's commitment to strengthening local relationships.
- Health and Safety Training: Over 100,000 hours of health and safety training were conducted in 2025, enhancing capabilities in occupational health, emergency readiness, and operational excellence, reflecting Centerra's emphasis on employee safety.
- Female Representation: Centerra maintained 38% female representation on its Board of Directors and 29% among company officers in 2025, showcasing ongoing efforts to promote gender equality and diversity within the organization.
See More
CM Management Exits Entire Stake in Centerra Gold
- Stake Sale Overview: On May 8, 2026, CM Management disclosed via an SEC filing that it fully exited its 200,000-share stake in Centerra Gold, with an estimated transaction value of $3.56 million, reflecting the firm's responsiveness to market dynamics.
- Financial Impact Analysis: The sale resulted in a $2.87 million decline in Centerra Gold's quarter-end value, indicating that the company's asset management strategy is being adjusted in response to market fluctuations and trading activities.
- Company Performance Highlights: Centerra Gold's stock surged approximately 150% over the past year, with first-quarter revenue increasing 62% year-over-year to $484.7 million and net earnings soaring 160% to $79.4 million, showcasing the strong cash generation capabilities of its mines.
- Future Development Strategy: Centerra Gold is advancing multiple growth projects, including Kemess, Goldfield, and the Thompson Creek restart, while extending the Mount Milligan mine's life to 2045, demonstrating the company's strong confidence in future growth prospects.
See More
CM Management Exits Centerra Gold Stake
- Share Sale: CM Management sold 200,000 shares of Centerra Gold in Q1 2026, with an estimated trade value of $3.56 million, marking a complete exit from its investment in the company.
- Financial Impact: This transaction resulted in a $2.87 million decline in the value of CM's position at quarter-end, reflecting the effects of both the sale and price fluctuations, indicating market uncertainty.
- Performance Highlights: Centerra Gold reported a 62% year-over-year revenue increase to $484.7 million in Q1, with net earnings soaring 160% to $79.4 million, showcasing the company's strong cash flow amid rising gold prices.
- Future Developments: While CM's sale may be seen as a reallocation of funds, Centerra Gold is advancing multiple growth projects, including Kemess and Goldfield, which are expected to drive future growth.
See More
Centerra Gold Inc. Announces 2026 Annual Meeting Results
- Shareholder Meeting Attendance: At the 2026 Annual Meeting, a total of 152,456,607 shares were represented, accounting for 76.39% of the issued common shares, indicating strong shareholder engagement and interest in corporate governance.
- Director Election Results: All nominated directors were elected, with Karen David-Green receiving 98.37% of the votes, reflecting shareholder confidence and support for the management team.
- Auditor Reappointment: KPMG LLP was reappointed as the company's auditor with 93.92% approval, demonstrating shareholder recognition of audit quality and expectations for financial transparency.
- Executive Compensation Vote: The non-binding resolution on executive compensation received 98.13% support, indicating shareholder approval of the company's compensation policies, which may help attract and retain top management talent.
See More
Centerra Gold Reports Significant Q1 Profit Increase
- Significant Profit Growth: Centerra Gold Inc. reported a first-quarter profit of $79.4 million, translating to earnings per share of $0.40, which marks a substantial increase from last year's $30.5 million and $0.15 per share, indicating a notable improvement in the company's profitability.
- Strong Adjusted Earnings: Excluding certain items, Centerra Gold's adjusted earnings reached $88.2 million, or $0.44 per share, demonstrating continued strong performance in its core operations and enhancing investor confidence in the company's financial health.
- Revenue Surge: The company's revenue for the quarter rose by 61.8% to $484.7 million, up from $299.5 million last year, reflecting robust market demand and the success of the company's sales strategies in a competitive environment.
- Optimistic Market Outlook: Centerra Gold's strong financial performance not only enhances its competitive position in the market but also lays a solid foundation for future investments and expansion, which is expected to further drive growth in the gold industry.
See More
Centerra Gold Announces Quarterly Dividend
- Quarterly Dividend Approval: Centerra Gold's Board of Directors has approved a quarterly dividend of C$0.07 per common share, totaling approximately C$13.9 million or US$10.0 million, indicating the company's stable cash flow and financial health.
- Dividend Payment Date: The dividend will be payable on June 4, 2026, to shareholders of record as of May 21, 2026, ensuring timely returns for investors and enhancing shareholder confidence.
- Dividend Policy Basis: According to Centerra's dividend policy, the timing and amount of dividends will be determined based on the company's operating results, cash flow, financial condition, and capital requirements, reflecting a cautious approach to future growth.
- Company Background: Centerra Gold is a gold mining company focused on operations in North America and Türkiye, operating the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, showcasing its diversified presence in the global mining market.
See More
Centerra Gold Releases 2025 Sustainability Report Highlighting ESG Achievements
- Greenhouse Gas Emissions: In 2025, Centerra reported total global scope 1 and 2 greenhouse gas emissions of 198,110 tonnes of CO2 equivalent, reflecting a 15% year-over-year increase primarily due to heightened activities at Thompson Creek during its restart phase, indicating challenges in sustainability efforts.
- Increased Community Investment: The company contributed $3.1 million towards community investments and donations in 2025, supporting the social, economic, cultural, and environmental well-being of host communities, demonstrating Centerra's commitment to strengthening local relationships.
- Health and Safety Training: Over 100,000 hours of health and safety training were conducted in 2025, enhancing capabilities in occupational health, emergency readiness, and operational excellence, reflecting Centerra's emphasis on employee safety.
- Female Representation: Centerra maintained 38% female representation on its Board of Directors and 29% among company officers in 2025, showcasing ongoing efforts to promote gender equality and diversity within the organization.
See More
CM Management Exits Entire Stake in Centerra Gold
- Stake Sale Overview: On May 8, 2026, CM Management disclosed via an SEC filing that it fully exited its 200,000-share stake in Centerra Gold, with an estimated transaction value of $3.56 million, reflecting the firm's responsiveness to market dynamics.
- Financial Impact Analysis: The sale resulted in a $2.87 million decline in Centerra Gold's quarter-end value, indicating that the company's asset management strategy is being adjusted in response to market fluctuations and trading activities.
- Company Performance Highlights: Centerra Gold's stock surged approximately 150% over the past year, with first-quarter revenue increasing 62% year-over-year to $484.7 million and net earnings soaring 160% to $79.4 million, showcasing the strong cash generation capabilities of its mines.
- Future Development Strategy: Centerra Gold is advancing multiple growth projects, including Kemess, Goldfield, and the Thompson Creek restart, while extending the Mount Milligan mine's life to 2045, demonstrating the company's strong confidence in future growth prospects.
See More
CM Management Exits Centerra Gold Stake
- Share Sale: CM Management sold 200,000 shares of Centerra Gold in Q1 2026, with an estimated trade value of $3.56 million, marking a complete exit from its investment in the company.
- Financial Impact: This transaction resulted in a $2.87 million decline in the value of CM's position at quarter-end, reflecting the effects of both the sale and price fluctuations, indicating market uncertainty.
- Performance Highlights: Centerra Gold reported a 62% year-over-year revenue increase to $484.7 million in Q1, with net earnings soaring 160% to $79.4 million, showcasing the company's strong cash flow amid rising gold prices.
- Future Developments: While CM's sale may be seen as a reallocation of funds, Centerra Gold is advancing multiple growth projects, including Kemess and Goldfield, which are expected to drive future growth.
See More
Centerra Gold Inc. Announces 2026 Annual Meeting Results
- Shareholder Meeting Attendance: At the 2026 Annual Meeting, a total of 152,456,607 shares were represented, accounting for 76.39% of the issued common shares, indicating strong shareholder engagement and interest in corporate governance.
- Director Election Results: All nominated directors were elected, with Karen David-Green receiving 98.37% of the votes, reflecting shareholder confidence and support for the management team.
- Auditor Reappointment: KPMG LLP was reappointed as the company's auditor with 93.92% approval, demonstrating shareholder recognition of audit quality and expectations for financial transparency.
- Executive Compensation Vote: The non-binding resolution on executive compensation received 98.13% support, indicating shareholder approval of the company's compensation policies, which may help attract and retain top management talent.
See More
Centerra Gold Reports Significant Q1 Profit Increase
- Significant Profit Growth: Centerra Gold Inc. reported a first-quarter profit of $79.4 million, translating to earnings per share of $0.40, which marks a substantial increase from last year's $30.5 million and $0.15 per share, indicating a notable improvement in the company's profitability.
- Strong Adjusted Earnings: Excluding certain items, Centerra Gold's adjusted earnings reached $88.2 million, or $0.44 per share, demonstrating continued strong performance in its core operations and enhancing investor confidence in the company's financial health.
- Revenue Surge: The company's revenue for the quarter rose by 61.8% to $484.7 million, up from $299.5 million last year, reflecting robust market demand and the success of the company's sales strategies in a competitive environment.
- Optimistic Market Outlook: Centerra Gold's strong financial performance not only enhances its competitive position in the market but also lays a solid foundation for future investments and expansion, which is expected to further drive growth in the gold industry.
See More
Centerra Gold Announces Quarterly Dividend
- Quarterly Dividend Approval: Centerra Gold's Board of Directors has approved a quarterly dividend of C$0.07 per common share, totaling approximately C$13.9 million or US$10.0 million, indicating the company's stable cash flow and financial health.
- Dividend Payment Date: The dividend will be payable on June 4, 2026, to shareholders of record as of May 21, 2026, ensuring timely returns for investors and enhancing shareholder confidence.
- Dividend Policy Basis: According to Centerra's dividend policy, the timing and amount of dividends will be determined based on the company's operating results, cash flow, financial condition, and capital requirements, reflecting a cautious approach to future growth.
- Company Background: Centerra Gold is a gold mining company focused on operations in North America and Türkiye, operating the Mount Milligan Mine in British Columbia and the Öksüt Mine in Türkiye, showcasing its diversified presence in the global mining market.
See More
