Centerra Gold Inc. (CG:CA) Analysts Update Coverage

Centerra Gold Inc. (CG:CA) (CGAU)

Analyst Updates

CIBC recently maintained its Outperform rating  on Centerra’s stock, with a 12 month target price of $37.00 per share.  CIBC’s target shows confidence in Centerra’s production stability, cost control, and balance sheet strength. The firm likely sees upside from operational consistency at Mount Milligan and Öksüt, combined with strong free cash flow generation at current gold prices. CIBC may also be assigning value to Centerra’s net cash position and optionality for shareholder returns, strategic investments, or disciplined M&A.

TD Securities maintained its Buy rating with a $30.00 target price, indicating a positive but more measured outlook. TD likely highlights Centerra’s improving all-in sustaining costs (AISC), operational reliability, and leverage to elevated bullion prices.

Scotiabank maintained its Sector Outperform rating with a $26.00 target, reflecting a positive view on relative performance within the gold producer peer group but a more cautious absolute valuation framework. Scotiabank may be factoring in asset concentration risk, mine life considerations, and/or jurisdictional exposure in its modeling. The lower valuation forecast also reflects more conservative long-term gold price forecasts and capital allocation assumptions.

Looking forward, the consensus sentiment remains favorable, with all three analysts recommending overweight exposure. The dispersion in price targets underscores differing commodity deck assumptions, cost projections, and valuation methodologies, but the underlying thesis is aligned.  Centerra Gold remains well-positioned to benefit from sustained strength in gold prices, supported by operational discipline and a solid financial profile.