LUG.TO vs. CGAU

Last updated Apr 1, 2026

Compare and contrast key facts about Lundin Gold Inc. (LUG.TO) and Centerra Gold Inc (CGAU).

Performance

LUG.TO vs. CGAU - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lundin Gold Inc. (LUG.TO) and Centerra Gold Inc (CGAU). The values are adjusted to include any dividend payments, if applicable.

LUG.TO vs. CGAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LUG.TO Lundin Gold Inc.	-5.51%	291.32%	91.60%	29.57%	30.62%	-8.44%
CGAU Centerra Gold Inc	25.82%	147.59%	7.02%	16.74%	-27.75%	-17.63%

Different Trading Currencies

LUG.TO is traded in CAD, while CGAU is traded in USD. To make them comparable, the CGAU values have been converted to CAD using the latest available exchange rates.

Fundamentals

Market Cap LUG.TO : CA$25.81B CGAU : $3.63B
EPS LUG.TO : CA$3.28 CGAU : $2.82
PE Ratio LUG.TO : 32.41 CGAU : 6.31
PEG Ratio LUG.TO : 0.43 CGAU : 0.03
PS Ratio LUG.TO : 14.40 CGAU : 2.73
PB Ratio LUG.TO : 18.95 CGAU : 1.77
Total Revenue (TTM) LUG.TO : CA$1.79B CGAU : $1.36B
Gross Profit (TTM) LUG.TO : CA$1.26B CGAU : $418.41M
EBITDA (TTM) LUG.TO : CA$1.25B CGAU : $680.83M

Returns By Period

In the year-to-date period, LUG.TO achieves a -5.51% return, which is significantly lower than CGAU's 25.82% return.

LUG.TO

• 1D: 7.21%
• 1M: -16.21%
• YTD: -5.51%
• 6M: 20.71%
• 1Y: 151.69%
• 3Y*: 96.76%
• 5Y*: 64.31%
• 10Y*: 38.67%

CGAU

• 1D: 6.47%
• 1M: -13.50%
• YTD: 25.82%
• 6M: 66.77%
• 1Y: 176.63%
• 3Y*: 45.73%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LUG.TO vs. CGAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LUG.TO

LUG.TO Risk / Return Rank: 93
LUG.TO Sharpe Ratio Rank: 95
LUG.TO Sortino Ratio Rank: 89
LUG.TO Omega Ratio Rank: 90
LUG.TO Calmar Ratio Rank: 96
LUG.TO Martin Ratio Rank: 96

CGAU

CGAU Risk / Return Rank: 96
CGAU Sharpe Ratio Rank: 98
CGAU Sortino Ratio Rank: 94
CGAU Omega Ratio Rank: 94
CGAU Calmar Ratio Rank: 97
CGAU Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LUG.TO vs. CGAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lundin Gold Inc. (LUG.TO) and Centerra Gold Inc (CGAU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LUG.TO	CGAU	Difference
Sharpe ratio Return per unit of total volatility	2.59	3.48	-0.90
Sortino ratio Return per unit of downside risk	2.68	3.38	-0.70
Omega ratio Gain probability vs. loss probability	1.38	1.48	-0.10
Calmar ratio Return relative to maximum drawdown	6.23	7.39	-1.15
Martin ratio Return relative to average drawdown	17.98	24.85	-6.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LUG.TO vs. CGAU - Sharpe Ratio Comparison

The current LUG.TO Sharpe Ratio is 2.59, which is comparable to the CGAU Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of LUG.TO and CGAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LUG.TO	CGAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	3.48	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.40	-0.40

Correlation

The correlation between LUG.TO and CGAU is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LUG.TO vs. CGAU - Dividend Comparison

LUG.TO's dividend yield for the trailing twelve months is around 4.69%, more than CGAU's 1.14% yield.

	TTM	2025	2024	2023	2022
LUG.TO Lundin Gold Inc.	4.69%	3.37%	2.69%	3.28%	1.97%
CGAU Centerra Gold Inc	1.14%	1.39%	3.59%	3.45%	0.00%

Drawdowns

LUG.TO vs. CGAU - Drawdown Comparison

The maximum LUG.TO drawdown since its inception was -95.45%, which is greater than CGAU's maximum drawdown of -60.71%. Use the drawdown chart below to compare losses from any high point for LUG.TO and CGAU.

Drawdown Indicators

	LUG.TO	CGAU	Difference
Max Drawdown Largest peak-to-trough decline	-95.45%	-63.47%	-31.98%
Max Drawdown (1Y) Largest decline over 1 year	-25.33%	-24.61%	-0.72%
Max Drawdown (5Y) Largest decline over 5 years	-38.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.84%	—	—
Current Drawdown Current decline from peak	-16.21%	-15.17%	-1.04%
Average Drawdown Average peak-to-trough decline	-65.23%	-30.21%	-35.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.78%	7.43%	+1.35%

Volatility

LUG.TO vs. CGAU - Volatility Comparison

Lundin Gold Inc. (LUG.TO) has a higher volatility of 20.25% compared to Centerra Gold Inc (CGAU) at 16.51%. This indicates that LUG.TO's price experiences larger fluctuations and is considered to be riskier than CGAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LUG.TO	CGAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.25%	16.51%	+3.74%
Volatility (6M) Calculated over the trailing 6-month period	43.60%	40.23%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	59.05%	51.01%	+8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.61%	46.41%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.61%	46.41%	-2.80%

Financials

LUG.TO vs. CGAU - Profitability Comparison

The chart below illustrates the profitability comparison between Lundin Gold Inc. and Centerra Gold Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LUG.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lundin Gold Inc. reported a gross profit of 359.14M and revenue of 534.69M. Therefore, the gross margin over that period was 67.2%.

CGAU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Centerra Gold Inc reported a gross profit of 118.00M and revenue of 376.41M. Therefore, the gross margin over that period was 31.4%.

LUG.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lundin Gold Inc. reported an operating income of 334.43M and revenue of 534.69M, resulting in an operating margin of 62.6%.

CGAU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Centerra Gold Inc reported an operating income of 84.94M and revenue of 376.41M, resulting in an operating margin of 22.6%.

LUG.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lundin Gold Inc. reported a net income of 237.81M and revenue of 534.69M, resulting in a net margin of 44.5%.

CGAU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Centerra Gold Inc reported a net income of 195.74M and revenue of 376.41M, resulting in a net margin of 52.0%.