BMO upgrades Centerra Gold to 'outperform'

Centerra Gold

21/01/2026 12:54

** BMO Capital Markets upgrades shares of Canadian gold miner Centerra Gold CG.TO to "outperform" from "marketperform"; raises PT to C$32 from C$20

** New PT represents a 28% upside to stock's last close

** Brokerage upgrades rating citing improved growth outlook after CG announces the results of a preliminary economic assessment of its Kemess project

** Says Kemess PEA adds a long-life asset with attractive economics and additional scale, alongside the company's Mt Milligan operations in Canada

** Separately, Raymond James raises PT to C$27 from C$24.50

** Six of 10 brokerages rate stock "buy", 3 "hold" and 1 "sell"; median PT is C$24 - data compiled by LSEG

** In 2025, CG rose 141.5%

($1 = 1.3809 Canadian dollars)

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))