Stock fact sheet · data as of
Centerra Gold Inc. (CGAU): fair value, margin of safety and Wheel Score
Ticker symbol CGAU · Basic Materials · Gold · Canada · Blend
Is CGAU undervalued?
Centerra Gold Inc. (CGAU) closed at 21.41 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 35.39, which puts the price 39% below it. 5 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 9 models disagree widely: DDM gives 2.95 while GLS Growth gives 136.59. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for CGAU, so the nightly engine files it under Blend (value score 63, growth score 77, out of 100).
Nine valuation models for CGAU
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 9.23 | -57% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 23.95 | +12% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 55.13 | +157% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 18.71 | -13% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 136.59 | +538% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 36.38 | +70% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 10.77 | -50% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 2.95 | -86% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 24.79 | +16% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.9399 | -96% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 19.00 | -11% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - CGAU passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.7 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are high - ROIC 28.0%, ROE 28.4%, ROA 19.9% - with debt at 0.01 times equity and a free-cash-flow yield of 1.3%.
The dividend yield is 0.94% with a payout ratio of 9% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Gold 40%, Molybdenum 30%, Copper 28% (fiscal year FY2022).
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 28.0% |
|---|---|---|---|
| GLS Moat | 4.7 / 10 | ROE | 28.4% |
| Debt / equity | 0.01 | ROA | 19.9% |
| Free-cash-flow yield | 1.3% | Payout ratio | 9% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 80: Good
CGAU scores 80 out of 100 on the Wheel Score (Good band, 70-84): it passes all 9 Wheel Trade Filters. How it ranks: value strong, premium strong, moat fair, health good, red flags strong, option trading weak, stability fair; Option trading (weak) holds it back.
Implied volatility is 59% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 5,489 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.7M shares a day on a market cap of $4.2B, with a beta of 1.56 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 39% below fair value | |
| Premium | Strong | implied volatility 59% | |
| Moat | Fair | moat 4.7/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 553 contracts a day, 5,489 open interest | |
| Stability | Fair | beta 1.56, $4.2B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for CGAU in the nightly calendar. The shares go ex-dividend on 19 Nov 2026 (0.0500 per share), so a covered call sold before then carries a small early-assignment risk around that date.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Gold
The 12 companies below are the closest to Centerra Gold Inc. by market cap within the Gold industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ARIS Aris Mining Corporation | 15.72 | 36.71 | +57% | 80Good | $3.2B |
| OGC OceanaGold Corporation | 25.78 | 40.42 | +36% | 46Weak | $5.7B |
| SSRM SSR Mining Inc. | 28.15 | 26.66 | -6% | 39Weak | $5.7B |
| AUGO Aura Minerals | 72.39 | 72.58 | +0% | 31Weak | $6.1B |
| AAUC Allied Gold Corporation | 20.41 | 37.45 | +46% | 31No options | $2.8B |
| FSM Fortuna Mining Corp. | 9.59 | 36.78 | +74% | 77Good | $2.8B |
| SA Seabridge Gold Inc. | 25.34 | 2.83 | -797% | 27Weak | $2.7B |
| OR OR Royalties Inc. | 34.50 | 33.79 | -2% | 39Weak | $6.5B |
| NG NovaGold Resources Inc. | 6.10 | - | - | 23Weak | $2.7B |
| BTG B2Gold Corp. | 5.11 | 7.24 | +29% | 83Good | $6.8B |
| DRD DRDGOLD Limited | 24.40 | 41.66 | +41% | 50Fair | $2.1B |
| EGO Eldorado Gold Corporation | 33.54 | 66.63 | +50% | 52Fair | $8.8B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about CGAU
Is CGAU undervalued right now?
By the GLS models, yes: at 21.41 the stock is 39% below the average fair value of 35.39 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CGAU and what does it mean?
CGAU scores 80 out of 100 (Good). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CGAU?
35.39 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Centerra Gold Inc. report earnings next?
No upcoming earnings date is recorded for CGAU in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does CGAU have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 5,489 open interest across all expiries and implied volatility of 59% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.