Continental Gold Receives “Sector Perform” Rating from Scotiabank (CNL)
Continental Gold (TSE:CNL)‘s stock had its “sector perform” rating restated by stock analysts at Scotiabank in a report issued on Wednesday, Analyst Ratings News reports. They currently have a C$5.30 target price on the stock. Scotiabank’s price objective points to a potential upside of 26.49% from the company’s current price.
Separately, analysts at BMO Capital Markets raised their price target on shares of Continental Gold from C$5.75 to C$6.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Continental Gold has a consensus rating of “Buy” and an average price target of C$6.45.
Continental Gold (TSE:CNL) traded up 5.54% during mid-day trading on Wednesday, hitting $4.19. The stock had a trading volume of 442,707 shares. Continental Gold has a 1-year low of $2.39 and a 1-year high of $5.92. The stock has a 50-day moving average of $3.93 and a 200-day moving average of $3.77. The company’s market cap is $530.8 million.
Continental Gold (TSE:CNL) last announced its earnings results on Monday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). On average, analysts predict that Continental Gold will post $-0.07 earnings per share for the current fiscal year.
Continental Gold Limited (TSE:CNL), formerly Cronus Resources Ltd.
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