Cormark Boosts Continental Gold (TSE:CNL) Price Target to C$5.20

Continental Gold (TSE:CNL) had its price objective raised by Cormark from C$4.00 to C$5.20 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

Separately, Royal Bank of Canada reduced their price target on shares of from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating for the company in a research report on Thursday, June 20th.

CNL opened at C$4.03 on Tuesday. The firm’s fifty day moving average price is C$3.18. The stock has a market cap of $814.04 million and a price-to-earnings ratio of -27.99. The company has a debt-to-equity ratio of 227.86, a current ratio of 2.61 and a quick ratio of 2.25. Continental Gold has a one year low of C$1.76 and a one year high of C$4.13.

Continental Gold Company Profile

Continental Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,565 hectares.

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