Continental Gold (TSE:CNL) Price Target Increased to C$8.50 by Analysts at BMO Capital Markets
Continental Gold (TSE:CNL) had its price target upped by stock analysts at BMO Capital Markets from C$6.75 to C$8.50 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 120.78% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Royal Bank of Canada boosted their price target on Continental Gold from C$4.00 to C$4.50 and gave the company an “outperform” rating in a report on Thursday, June 20th. Cormark raised their price objective on Continental Gold from C$4.00 to C$5.20 in a research note on Tuesday, July 9th.
Shares of CNL traded up C$0.01 during mid-day trading on Wednesday, hitting C$3.85. The company’s stock had a trading volume of 237,020 shares, compared to its average volume of 413,519. The company has a current ratio of 3.74, a quick ratio of 3.36 and a debt-to-equity ratio of 288.27. The firm has a 50-day simple moving average of C$4.14 and a 200 day simple moving average of C$3.26. The firm has a market capitalization of $768.04 million and a P/E ratio of -15.93. Continental Gold has a 1-year low of C$1.76 and a 1-year high of C$4.66.
About Continental Gold
Continental Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company 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 76,565 hectares.
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