Teranga Gold (TGZ) Given a C$3.75 Price Target at Scotiabank

Teranga Gold (TSE:TGZ) has been assigned a C$3.75 target price by investment analysts at Scotiabank in a research report issued on Thursday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 27.99% from the company’s previous close.

Separately, BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$4.00 to C$4.50 in a research report on Thursday.

Teranga Gold (TSE:TGZ) traded up C$0.05 during trading on Thursday, hitting C$2.93. The stock had a trading volume of 129,481 shares, compared to its average volume of 134,476. Teranga Gold has a 1-year low of C$2.36 and a 1-year high of C$5.25. The stock has a market capitalization of $315.61, a price-to-earnings ratio of 10.10 and a beta of -1.05.

In other Teranga Gold news, insider David Jacques Mimran bought 99,100 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average price of C$2.92 per share, with a total value of C$289,372.00. Also, insider Corporation Tablo bought 254,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of C$2.62 per share, for a total transaction of C$666,790.00. Insiders have bought 1,072,500 shares of company stock worth $2,808,036 in the last ninety days.

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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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