Q2 2018 EPS Estimates for Teranga Gold Corp (TSE:TGZ) Reduced by Cormark

Teranga Gold Corp (TSE:TGZ) – Investment analysts at Cormark dropped their Q2 2018 earnings per share (EPS) estimates for shares of Teranga Gold in a report issued on Tuesday, March 13th, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the company will earn $0.12 per share for the quarter, down from their previous 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.

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Teranga Gold (TSE:TGZ) last posted its earnings results on Friday, February 23rd. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.17 by C($0.16). Teranga Gold had a net margin of 17.96% and a return on equity of 6.64%. The firm had revenue of C$112.12 million during the quarter.

Several other equities analysts have also commented on the stock. Royal Bank of Canada upped their price objective on shares of Teranga Gold from C$4.50 to C$6.50 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets upped their price objective on shares of Teranga Gold from C$4.50 to C$5.50 in a report on Wednesday, March 28th. Finally, Scotiabank set a C$3.75 price objective on shares of Teranga Gold and gave the stock a “sector perform” rating in a report on Thursday, January 11th.

Shares of TGZ stock traded down C$0.14 during trading hours on Thursday, hitting C$4.36. The company had a trading volume of 395,397 shares, compared to its average volume of 300,071. Teranga Gold has a fifty-two week low of C$2.36 and a fifty-two week high of C$4.75.

In other Teranga Gold news, insider Corporation Tablo bought 87,500 shares of Teranga Gold stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of C$3.57 per share, for a total transaction of C$312,375.00. Over the last quarter, insiders have acquired 92,750 shares of company stock worth $332,421.

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Teranga Gold Company Profile

Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso. The company also develops and explores various projects in Burkina Faso, Côte d'Ivoire, and Senegal.

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Earnings History and Estimates for Teranga Gold (TSE:TGZ)

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