Centerra Gold Renews Share Buyback Program with TSX Approval
Centerra Gold has announced the renewal of its normal course issuer bid (NCIB) to buy back up to 20,129,230 common shares, approximately 9.9% of its total shares, with approval from the Toronto Stock Exchange. The buyback program will run from November 10, 2025, to November 9, 2026, as part of the company's strategy to enhance shareholder value. Analysts rate the stock as a Buy with a target price of C$17.50, citing strong financial performance and growth potential despite operational challenges.
An announcement from Centerra Gold ( (TSE:CG) ) is now available.
On November 5, 2025, Centerra Gold announced that the Toronto Stock Exchange has accepted its renewal of a normal course issuer bid (NCIB) to purchase and cancel up to 20,129,230 common shares, representing approximately 9.9% of its total issued and outstanding shares. This initiative, which will run from November 10, 2025, to November 9, 2026, is part of Centerra’s strategy to allocate its cash balance efficiently while maintaining a strong balance sheet. The company believes its shares are undervalued and sees the NCIB as a flexible tool to enhance shareholder value.
The most recent analyst rating on (TSE:CG) stock is a Buy with a C$17.50 price target. To see the full list of analyst forecasts on Centerra Gold stock, see the TSE:CG Stock Forecast page.
Spark’s Take on TSE:CG Stock
According to Spark, TipRanks’ AI Analyst, TSE:CG is a Outperform.
Centerra Gold’s strong financial performance, positive technical indicators, and attractive valuation contribute to a solid stock score. The earnings call further supports the company’s growth potential, despite some operational challenges. The stock is well-positioned for future gains, with significant strengths in revenue growth and financial stability.
To see Spark’s full report on TSE:CG stock, click here.
More about Centerra Gold
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. It operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The company also owns the Kemess Project in British Columbia, the Goldfield Project in Nevada, and operates the Molybdenum Business Unit in the United States and Canada. Centerra’s shares trade on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU.
Average Trading Volume: 1,429,718
Technical Sentiment Signal: Buy
Current Market Cap: C$3.2B
For a thorough assessment of CG stock, go to TipRanks’ Stock Analysis page.
