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Centerra Gold Receives Buy Rating and $13 Price Target from Canaccord Genuity
ByAinvest
Thursday, Jul 24, 2025 9:21 pm ET1min read
Jeremy Hoy from Canaccord Genuity maintains a Buy rating on Centerra Gold with a price target of C$13.00. Hoy has an average return of 40.3% and an 81.18% success rate on recommended stocks. The company reported a quarterly revenue of $299.5 million and a net profit of $30.45 million for the quarter ending March 31.
Title: Centerra Gold Inc. Reports Strong Q1 Earnings; Analysts Maintain Buy RatingJuly 2, 2025 - Centerra Gold Inc. (CG) reported a robust first quarter, with quarterly revenue of $299.5 million and a net profit of $30.45 million for the period ending March 31. The company's performance has been closely followed by analysts, with Jeremy Hoy from Canaccord Genuity maintaining a Buy rating and setting a price target of C$13.00 [1].
Hoy's recommendation is based on the company's strong financials and the potential for growth in gold and copper production. His average return on recommended stocks is 40.3%, with an 81.18% success rate, further bolstering his credibility [1].
Centerra Gold operates two mines, the Mount Milligan Mine in British Columbia and the Oksut Mine in Turkiye, as well as owns and operates the Goldfield District Project in Nevada and the Kemess Project in British Columbia. The company's diverse portfolio and strategic locations have contributed to its robust earnings and growth prospects.
The stock has seen a significant increase in value over the past year, with a 25.79% growth in share price since January 1, 2025 [1]. This growth can be attributed to the company's strong operational performance and the broader market trends favoring gold and copper mining stocks.
Despite the positive outlook, investors should be mindful of potential risks, including fluctuations in commodity prices and geopolitical instability in key operating regions. However, with a strong management team and a solid track record, Centerra Gold Inc. remains a promising investment opportunity.
References:
[1] https://www.marketscreener.com/quote/stock/CENTERRA-GOLD-INC-1409419/
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