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Centerra Gold Inc.

CGAU · NYSE

Market closed$15.09$-0.150000 (-0.98%)After hours $15.33 · +1.59%

Key statistics

Previous close$15.24
Open$14.94
Day high$15.33
Day low$14.80
52-week high$21.17
52-week low$6.71
Market cap3.00B
Volume1.30M
Average volume1.58M
P/E ratio10.55
Forward P/E—
EPS1.43
Dividend yield+1.32%

Market context

Why it moved

CGAU shares declined modestly as Scotiabank slightly trimmed its FY2026 EPS estimate for Centerra Gold, combined with a broader softening in gold futures and precious metals mining stocks weighing on sentiment.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Centerra Gold closed modestly lower as spot gold fell sharply below $4,000 — dropping over 2% to $3,976 — hitting a two-week low amid concerns that escalating U.S.-Iran tensions could fuel inflation and prompt the Fed to keep rates higher for longer. Despite the commodity headwind, Centerra's shares are rebounding in after-hours trading, supported by the company's July 15 announcement that it upsized its revolving credit facility to US$600 million (from US$400 million) on improved terms, signaling strengthened financial flexibility for potential acquisitions and capital investment.

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July 15, 2026Centerra Gold declined after closing regular trading, as the company announced a significant balance sheet strengthening move — extending and upsizing its revolving credit facility to US$600 million (from US$400 million), maturing July 2030, with a lowered borrowing margin of SOFR+1.875%–3.0%. The facility remains fully undrawn, signaling financial flexibility rather than immediate capital need. The pullback came despite a broadly supportive gold backdrop, with spot gold rebounding ~1.3% to ~$4,053 after cooler-than-expected June CPI data eased Fed rate hike fears.

-1.9351

July 14, 2026Centerra Gold edged higher in regular trading but slipped modestly in after-hours, caught between crosscurrents in the gold market. Spot gold dropped sharply — falling nearly 3% below $4,000 — as a surge in crude oil prices driven by U.S.-Iran tensions in the Strait of Hormuz reignited inflation fears and rate-hike expectations, pressuring non-yielding assets like gold. Despite gold's pullback, technical analysis from Stock Traders Daily flagged near- and mid-term weak sentiment for CGAU, with key resistance at $16.95, while broader safe-haven narratives around gold stocks remain in focus as investors await U.S. CPI/PPI data and Fed Chair Warsh's congressional testimony.

0.9452

July 14, 2026Centerra Gold shares declined amid broad weakness in the basic materials sector, which was the worst-performing sector last week, falling 2.46%. Gold prices have been unwinding speculative positioning for a third straight week, down 5% year-to-date, weighing on gold miners broadly. Adding pressure, Centerra's Q1 2026 EPS fell short of estimates, and a technical analysis note flagged weak near- and mid-term sentiment with elevated downside risk. In after-hours trading, shares rebounded nearly 2% as investors eye the upcoming June CPI report and Q2 earnings season for broader market direction.

-2.1578

July 11, 2026Centerra Gold closed essentially flat in after-hours trading, holding near the previous session's close following a notable 3.8% gain on July 9. Scotiabank reiterated its Buy rating on the stock earlier this week, though it trimmed its price target modestly to $20.42 from $21, reflecting broader sector caution as the Basic Materials sector underperformed the broader market this week. Gold sector sentiment remains constructive, with JPMorgan highlighting solid fundamentals for gold equities despite valuation adjustments amid rate expectations.

0.0617

July 10, 2026Centerra Gold rallied sharply as gold prices surged above $4,100 per ounce amid renewed U.S.-Iran geopolitical tensions, with Trump declaring the Iran ceasefire "over" and threatening further strikes. The safe-haven bid for gold — combined with Scotiabank maintaining its Buy rating and a $20.42 price target earlier in the week — supported bullish sentiment, even as Q1 2026 EPS of $0.44 fell short of estimates amid cost pressures. The stock continues to trade well below Scotiabank's target, keeping the valuation case in focus for investors.

3.7772

July 9, 2026Centerra Gold declined sharply as a broader risk-off selloff swept markets after President Trump declared the Iran peace MOU 'over,' sending oil prices surging 5%+ and triggering a global flight from risk assets. Compounding sector headwinds, gold prices pulled back amid rising Middle East tensions and spiking Treasury yields, pressuring gold equities broadly. Scotiabank maintained its Buy rating on Centerra but trimmed its price target to $20.42 from $21, reflecting tempered near-term expectations even as the stock is seen trading at a deep discount to NAV.

-3.5207

July 8, 2026Centerra Gold fell nearly 2% as Scotiabank maintained its Buy rating but trimmed its price target from $21 to $20.41, reflecting recalibrated near-term assumptions even as the analyst sees significant upside. The pullback comes amid broader gold sector volatility — gold spot prices have corrected sharply from a 2026 peak of ~$5,500/oz to the $4,100–$4,170 range, though analysts at CITIC Securities and State Street see a rebound toward $4,500–$5,000 as Fed rate hike expectations cool following weak U.S. jobs data.

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Stock Titan · July 15, 2026Centerra Gold lowers borrowing margin as facility rises to US$600MGlobeNewswire · July 15, 2026Centerra Gold Announces Extension and Increase of its Corporate Credit FacilityInvesting.com · July 15, 2026Centerra Gold extends credit facility to $600 millionPluang · July 15, 2026Centerra Gold extends and ups its credit facili...Stock Titan · July 15, 2026Centerra Gold (NYSE: CGAU) extends undrawn revolving credit facility to $600MMoomoo · July 7, 2026Scotiabank Maintains Centerra Gold(CGAU.US) With Buy Rating, Cuts Target Price to $20.42Seeking Alpha · July 2, 2026Centerra Gold: There Is Upside, But Spot Prices Decide Movements (NYSE:CGAU)Seeking Alpha · June 8, 2026Centerra Gold: Milligan Exceeds Market Cap. The Rest Is Free. (NYSE:CGAU)
Mt Newswire · July 15, 2026Centerra Gold Extends and Increases Revolving Credit Facility to $600 Million
Benzinga · July 7, 2026Scotiabank Maintains Sector Outperform on Centerra Gold, Raises Price Target to C$29
Benzinga · June 23, 2026Gold Tumbles From Record Highs—But These Gold Miners Are Climbing Into Top Momentum Zones
Mt Newswire · June 18, 2026Centerra Gold Exercises Top-Up Right to Maintain 9.9% Stake in Liberty Gold
Mt Newswire · June 12, 2026Kenorland Minerals Receives Notice of Exercise of Top-Up Right From Sumitomo and Centerra
Mt Newswire · May 22, 2026Kenorland Minerals Says Completed Top-Up Right from Sumitomo and Centerra
Mt Newswire · May 8, 2026Kenorland Minerals Up Near 5% As Both Sumitomo and Centerra Plan To Exercise Their "Top-up Right"
Benzinga · April 30, 2026Centerra Gold Q1 2026 Earnings Call Transcript

Peers

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