Teranga Gold Corp Given Average Recommendation of “Hold” by Brokerages (TSE:TGZ)
Teranga Gold Corp (TSE:TGZ) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, AnalystRatings.Net reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$1.28.
A number of analysts have recently weighed in on TGZ shares. Analysts at Scotiabank cut their price target on shares of Teranga Gold Corp from C$1.00 to C$0.80 in a research note on Thursday, July 31st. They now have a “sector perform” rating on the stock. Analysts at Mackie raised their price target on shares of Teranga Gold Corp from C$1.50 to C$1.80 in a research note on Monday, June 16th. They now have a “buy” rating on the stock.
Teranga Gold Corp (TSE:TGZ) opened at 0.73 on Friday. Teranga Gold Corp has a 1-year low of $0.42 and a 1-year high of $1.22. The stock’s 50-day moving average is $0.77 and its 200-day moving average is $0.82. The company has a market cap of $257.5 million and a P/E ratio of 73.00.
Teranga Gold Corporation (TSE:TGZ) is a Canadian-based gold company.
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