Teranga Gold Corp (TGZ) Given Average Recommendation of “Buy” by Brokerages
Shares of Teranga Gold Corp (TSE:TGZ) have received an average recommendation of “Buy” from the six analysts that are presently covering the company. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$1.15.
Several research firms have commented on TGZ. BMO Capital Markets lowered their price objective on shares of Teranga Gold Corp to C$1.20 and set a “market perform” rating for the company in a research report on Friday. Scotiabank reiterated a “sector perform” rating and set a C$1.50 price objective on shares of Teranga Gold Corp in a research report on Monday, October 31st. Royal Bank Of Canada restated a “sector perform” rating on shares of Teranga Gold Corp in a report on Monday, October 31st. Finally, CIBC restated a “sector outperform” rating and issued a C$1.05 target price on shares of Teranga Gold Corp in a report on Monday, August 22nd.
Teranga Gold Corp (TSE:TGZ) traded up 3.49% during midday trading on Monday, reaching $0.89. 875,777 shares of the company traded hands. Teranga Gold Corp has a one year low of $0.38 and a one year high of $1.40. The stock’s market capitalization is $349.10 million. The company has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.12.
Teranga Gold Corp Company Profile
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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