Atlantic Gold (CVE:AGB) had its price objective increased by National Bank Financial from C$2.70 to C$3.00 in a research report sent to investors on Thursday morning. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Atlantic Gold’s FY2019 earnings at $0.25 EPS.
A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity raised their target price on shares of Atlantic Gold from C$2.25 to C$3.50 in a research note on Monday, April 23rd. Beacon Securities reaffirmed a buy rating on shares of Atlantic Gold in a research note on Wednesday, March 28th. Desjardins raised their target price on shares of Atlantic Gold from C$2.25 to C$2.40 in a research note on Friday, February 2nd. Finally, BMO Capital Markets raised their target price on shares of Atlantic Gold from C$2.20 to C$2.40 and gave the company an outperform rating in a research note on Thursday, February 1st. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of C$2.68.
Shares of CVE AGB opened at C$1.87 on Thursday. Atlantic Gold has a fifty-two week low of C$1.30 and a fifty-two week high of C$1.97.
About Atlantic Gold
Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. Its principal project is the Touquoy Gold Project that covers an area of approximately 1,760 hectares located in Nova Scotia. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.
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