Teranga Gold Corp (TGZ) Price Target Cut to C$1.20
Teranga Gold Corp (TSE:TGZ) had its price objective decreased by analysts at BMO Capital Markets to C$1.20 in a research note issued to investors on Friday. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 39.53% from the stock’s current price.
A number of other analysts have also commented on TGZ. Scotiabank reissued a “sector perform” rating and issued a C$1.50 price objective on shares of Teranga Gold Corp in a research report on Friday, July 29th. CIBC reissued a “sector outperform” rating and issued a C$1.05 price objective on shares of Teranga Gold Corp in a research report on Monday, August 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Teranga Gold Corp in a research report on Monday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Teranga Gold Corp currently has a consensus rating of “Buy” and a consensus price target of C$1.11.
Shares of Teranga Gold Corp (TSE:TGZ) traded up 4.070% during mid-day trading on Friday, reaching $0.895. 655,919 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $1.01 and its 200-day moving average is $1.12. The stock’s market cap is $351.06 million. Teranga Gold Corp has a 52-week low of $0.38 and a 52-week high of $1.40.
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About Teranga Gold Corp
Teranga Gold Corp is a Canada-based mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.
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