Teranga Gold Corp (TSE:TGZ)’s share price traded up 1.7% during trading on Thursday . The company traded as high as C$2.98 and last traded at C$2.93. 129,481 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 134,476 shares. The stock had previously closed at C$2.88.

A number of equities analysts recently weighed in on the stock. Scotiabank set a C$3.75 price objective on shares of Teranga Gold and gave the company a “sector perform” rating in a research report on Thursday. BMO Capital Markets upgraded shares of Teranga Gold from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$4.00 to C$4.50 in a research report on Thursday.

The firm has a market capitalization of $367.37, a PE ratio of 11.83 and a beta of -1.05.

In related news, insider David Jacques Mimran bought 99,100 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were bought at an average cost of C$2.92 per share, for a total transaction of C$289,372.00. Also, insider Corporation Tablo bought 104,700 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average price of C$2.61 per share, for a total transaction of C$273,267.00. Over the last quarter, insiders purchased 1,072,500 shares of company stock worth $2,808,036.

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Teranga Gold 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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