Centerra Gold Price Target Raised to C$37 on Higher Metal Price Outlook
CIBC raised its price target on Centerra Gold to C$37 from C$30 and maintained an Outperformer rating, citing higher gold price forecasts of $6,000 per ounce in 2026 and $6,500 in 2027. Scotiabank and Canaccord also lifted their targets to C$19 and C$36 respectively, reflecting bullish metal market assumptions.
1. CIBC Raises Price Target
On February 4, CIBC analyst Luke Bertozzi increased Centerra Gold’s target to C$37 from C$30 and reiterated an Outperformer rating, driven by updated forecasts for precious metals pricing.
2. Revised Metal Price Assumptions
CIBC boosted its gold price assumption to $6,000 per ounce in 2026 and $6,500 in 2027, while also raising copper forecasts, underpinning its more bullish outlook on mining equities.
3. Other Firms’ Upgrades
Scotiabank raised its target on Centerra to C$19 from C$13.50 and maintained an Outperform rating, and Canaccord lifted its target to C$36 from C$31, all citing stronger commodity price assumptions.
4. Centerra’s Key Assets
Centerra’s core operations include the Mount Milligan gold–copper mine in British Columbia and the Öksüt gold mine in Türkiye, supplemented by exploration exposure to molybdenum, positioning its asset base for upside in a higher-price environment.