Teranga Gold Corp (TSE:TGZ) – Cormark decreased their Q2 2018 earnings estimates for shares of Teranga Gold in a research report issued to clients and investors on Tuesday. Cormark analyst R. Gray now expects that the company will earn $0.12 per share for the quarter, down from their prior forecast of $0.14. Cormark also issued estimates for Teranga Gold’s FY2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.46 EPS.
Several other research analysts have also issued reports on the company. BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$4.00 to C$4.50 in a research report on Thursday, January 11th. Scotiabank set a C$3.75 target price on Teranga Gold and gave the stock a “sector perform” rating in a research report on Thursday, January 11th.
Shares of Teranga Gold (TSE:TGZ) opened at C$4.12 on Thursday. Teranga Gold has a 1-year low of C$2.36 and a 1-year high of C$4.75. The firm has a market cap of $447.49, a price-to-earnings ratio of 10.84 and a beta of -0.84.
In related news, insider David Jacques Mimran acquired 99,100 shares of Teranga Gold stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average price of C$2.92 per share, with a total value of C$289,372.00. Also, insider Corporation Tablo acquired 87,500 shares of Teranga Gold stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of C$3.57 per share, with a total value of C$312,375.00. Insiders bought a total of 191,850 shares of company stock valued at $621,793 in the last three months.
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About Teranga Gold
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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