Eight Capital Cuts Continental Gold Inc. (CNL) Price Target to C$5.85
Continental Gold Inc. (TSE:CNL) had its target price cut by equities research analysts at Eight Capital from C$6.75 to C$5.85 in a report issued on Thursday. Eight Capital’s price objective points to a potential upside of 86.90% from the stock’s previous close.
Separately, Royal Bank Of Canada cut their target price on Continental Gold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Friday, October 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$6.05.
Shares of Continental Gold (TSE CNL) traded down C$0.02 during midday trading on Thursday, reaching C$3.13. The company’s stock had a trading volume of 366,306 shares, compared to its average volume of 647,884. Continental Gold has a 52-week low of C$2.62 and a 52-week high of C$5.75.
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In related news, Director James Elvin Gallagher purchased 13,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was bought at an average price of C$3.16 per share, with a total value of C$42,660.00. Also, Director Kenneth Glyndwr Thomas purchased 28,280 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average cost of C$3.22 per share, with a total value of C$91,061.60. Insiders acquired 52,527 shares of company stock valued at $167,594 over the last quarter.
About Continental Gold
Continental Gold Inc, together with its subsidiaries, acquires, explores for, evaluates, and develops gold resource properties in Colombia. It holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,870 hectares.
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