Brokers Offer Predictions for Atlantic Gold Corp’s FY2018 Earnings (AGB)

Atlantic Gold Corp (CVE:AGB) – Equities researchers at Beacon Securities boosted their FY2018 earnings per share estimates for Atlantic Gold in a research report issued on Tuesday. Beacon Securities analyst M. Bandrowski now anticipates that the company will earn $0.26 per share for the year, up from their previous forecast of $0.24. Beacon Securities also issued estimates for Atlantic Gold’s FY2019 earnings at $0.25 EPS.

Atlantic Gold (CVE:AGB) last posted its quarterly earnings data on Tuesday, November 28th. The company reported C($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C($0.01).

Other analysts also recently issued research reports about the company. Desjardins boosted their price objective on Atlantic Gold from C$2.25 to C$2.40 in a report on Friday. BMO Capital Markets boosted their price objective on Atlantic Gold from C$2.20 to C$2.40 and gave the stock an “outperform” rating in a report on Thursday. National Bank Financial restated an “outperform market weight” rating on shares of Atlantic Gold in a report on Thursday, November 23rd. Finally, Raymond James Financial upped their target price on Atlantic Gold from C$2.00 to C$2.10 in a report on Monday, October 23rd.

Shares of Atlantic Gold (CVE AGB) opened at C$1.68 on Friday. The stock has a market capitalization of $306.21, a PE ratio of -56.00 and a beta of 0.06. Atlantic Gold has a twelve month low of C$0.88 and a twelve month high of C$1.87.

In other Atlantic Gold news, insider Ryan K. Beedie bought 20,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of C$1.38 per share, for a total transaction of C$27,600.00. Also, insider Ryan K. Beedie bought 68,200 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average price of C$1.38 per share, for a total transaction of C$94,116.00. Insiders bought a total of 98,200 shares of company stock worth $135,616 in the last quarter.

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About Atlantic Gold

Atlantic Gold Corporation is a Canada-based exploration and development gold mining company. The Company is focused on advancing the development of its Nova Scotia properties, including its Moose River Consolidated Project (MRC Project), Cochrane Hill and Fifteen Mile Stream gold projects, as well as continuing to review potential acquisitions and investment opportunities.

Earnings History and Estimates for Atlantic Gold (CVE:AGB)

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