CIBC Raises its Price Target on Centerra Gold Inc. (CGAU) to C$37 and Reiterates an Outperformer Rating

Jeff Lewis

Thu, February 12, 2026 at 8:22 AM GMT+9 2 min read

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Centerra Gold Inc. (NYSE:CGAU) is included among the 11 Best Mining Stocks to Buy According to Wall Street.

CIBC Raises its Price Target on Centerra Gold Inc. (CGAU) to C$37 and Reiterates an Outperformer Rating

On February 4, 2026, CIBC analyst Luke Bertozzi raised the firm’s price target on Centerra Gold Inc. (NYSE:CGAU) to C$37 from C$30 and reiterated an Outperformer rating. The move came as part of a broader reset across the precious metals sector after CIBC lifted its gold price assumptions to $6,000 per ounce in 2026 and $6,500 in 2027, alongside higher copper forecasts. The firm said the structural demand drivers that supported the group in 2025 remain intact heading into 2026, even as geopolitical risk has increased.

The view has been echoed by other firms. On January 26, 2026, Scotiabank raised its price target on Centerra Gold Inc. (NYSE:CGAU) to $19 from $13.50 and maintained an Outperform rating, citing higher gold and silver price assumptions driven by macro uncertainty and continued central bank buying. Separately, Canaccord also lifted its price target on Centerra Gold Inc. (NYSE:CGAU) to C$36 from C$31 and reiterated a Buy rating, reflecting a more constructive outlook on precious metals pricing and Centerra’s asset base.

Centerra Gold Inc. (NYSE:CGAU) focuses on the acquisition, exploration, development, and operation of gold and copper assets across North America, Türkiye, and other international markets. Its core operations include the Mount Milligan gold-copper mine in British Columbia and the Öksüt gold mine in Türkiye, alongside exploration exposure to molybdenum.

While we acknowledge the potential of CGAU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT:  11 Best Mining Stocks to Buy According to Wall Street and 10 Most Profitable Undervalued Stocks to Buy

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