BofA Raises its Price Target on Centerra Gold Inc. (CGAU) to $14.50 from $12.50

Centerra Gold Inc. (NYSE:CGAU) is among the 10 Must-Buy Mining Stocks to Invest In.

BofA Raises its Price Target on Centerra Gold Inc. (CGAU) to $14.50 from $12.50

On February 26, 2026, BofA analyst Lawson Winder raised the firm’s price target on Centerra Gold Inc. (NYSE:CGAU) to $14.50 from $12.50 and maintained an Underperform rating on the shares. The analyst said the firm is updating price targets across its North American Metals & Mining coverage following revised 2026 metal price forecasts.

On February 19, 2026, Centerra Gold reported Q4 adjusted EPS of 41c, beating the 37c consensus estimate, while revenue came in at $401.6M versus the $360.6M consensus. Gold production in the fourth quarter totaled 70,853 ounces. CEO Paul Tomory said the company delivered strong production and exceeded its cost guidance, supported by solid operational performance at Mount Milligan and Oksut.

Tomory added that Centerra ended the year with $529M in cash and an equity investment portfolio valued at more than $115M, reflecting disciplined capital allocation. The company continued investing in its Thompson Creek restart project and broader organic growth pipeline, including Mount Milligan, Kemess, and Goldfield, while returning capital to shareholders through $30M in share buybacks in Q4 and a consistent quarterly dividend of $10M. Looking ahead to 2026, Tomory said production and cost guidance reflect stable operating performance across the portfolio, with operations expected to generate strong cash flow to support growth projects and shareholder returns.

Centerra Gold expects gold production of 250,000 to 280,000 ounces in 2026, compared with 275,000 ounces produced in 2025.

Centerra Gold Inc. (NYSE:CGAU) operates, develops, explores, and acquires gold and copper properties in North America, Turkey, and other international markets. The company also operates a molybdenum business unit that includes a metallurgical processing facility and two primary molybdenum properties.

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