Centerra Gold

CGAU · TORONTO

$20.25−$0.25 (−1.22%)TodayMarket closed · Oct 23, 7:48 PM ET

Prev close $20.50

CGAU analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 12 analysts

Average $23.65 (+16.8% upside)

Low: $16.36
Now: $20.25
High: $32.89

Upgrades and downgrades

The latest rating actions, newest first

CGAU analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Scotiabank	Apr 22, 2026	Maintains	Sector Outperform	$19.00 → $21.00	80%
Scotiabank	Jan 26, 2026	Maintains	Sector Outperform	$13.50 → $19.00	80%

The case for and against

Updated Feb 9, 2026

Bull case

Centerra Gold Inc. demonstrates a positive outlook due to its robust strategic focus on the Mount Milligan (MM) project, which has been prioritized by the province of British Columbia, potentially facilitating the permitting process required for mine modifications. The updated mine plan for MM not only extends the operating life by an additional ten years but also enhances gold and copper reserves, establishing it as a key value driver for the company. Furthermore, the improved resource visibility and long-term production potential from MM are expected to significantly bolster Centerra’s growth strategy and overall financial performance.

Bear case

Centerra Gold Inc. has reported a significant decline in its net asset valuation, which decreased approximately 31% to $10.90 per share. This marked reduction in NAV indicates substantial deterioration in the company’s financial health, raising concerns among investors. Furthermore, the adjustment of the one-year target from $12.00 to $9.50 reflects a negative outlook on the firm’s future performance and revenue generation potential.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.