Teranga Gold Corp PT Raised to C$1.60 (TGZ)
Analysts at RBC Capital lifted their price target on shares of Teranga Gold Corp (TSE:TGZ) from C$1.30 to C$1.60 in a research report issued to clients and investors on Thursday, Analyst Ratings News reports. RBC Capital’s price target would indicate a potential upside of 44.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Teranga Gold Corp from C$1.20 to C$1.30 in a research note on Thursday, January 30th. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Teranga Gold Corp from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 19th. Finally, analysts at Mackie raised their price target on shares of Teranga Gold Corp from C$1.10 to C$1.60 in a research note on Thursday, December 12th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Teranga Gold Corp currently has a consensus rating of “Hold” and an average price target of C$1.21.
Teranga Gold Corp (TSE:TGZ) traded down 2.70% on Thursday, hitting $1.08. The stock had a trading volume of 448,902 shares. Teranga Gold Corp has a one year low of $0.42 and a one year high of $1.69. The stock’s 50-day moving average is $0.78 and its 200-day moving average is $0.64. The company has a P/E ratio of 2.92.
Teranga Gold Corporation (TSE:TGZ) is a Canada-based gold company, which was created to acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, from Mineral Deposits Limited (MDL).
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