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Cerrado Gold ( (TSE:CERT) ) has issued an announcement.
Cerrado Gold has received TSX Venture Exchange approval to launch a normal course issuer bid allowing it to repurchase for cancellation up to 6.79 million common shares, or 5% of its outstanding equity, between February 3, 2026 and February 2, 2027, subject to a 2% cap in any 30-day period. Management and the board say the stock price undervalues the company’s assets and future prospects, and view the buyback—its first such program—as a tool to enhance shareholder value, with all repurchased shares to be cancelled and no current intention by insiders to sell into the program; Stifel Financial has been engaged as broker and purchases will be made through TSXV and alternative trading systems at prevailing market prices.
The most recent analyst rating on (TSE:CERT) stock is a Buy with a C$3.30 price target. To see the full list of analyst forecasts on Cerrado Gold stock, see the TSE:CERT Stock Forecast page.
More about Cerrado Gold
Cerrado Gold Inc. is a Toronto-based mining company listed on the TSX Venture Exchange and OTCQX that focuses on gold production and development. The company operates in the precious metals sector, aiming to grow shareholder value through the exploration, development and operation of gold assets in its portfolio.
Average Trading Volume: 515,391
Technical Sentiment Signal: Buy
Current Market Cap: C$253.1M
See more insights into CERT stock on TipRanks’ Stock Analysis page.