Continental Gold Inc (TSE:CNL) had its price objective reduced by equities research analysts at Royal Bank Of Canada from C$6.00 to C$5.50 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 70.28% from the stock’s current price.

Continental Gold (TSE CNL) traded up 2.79% during midday trading on Friday, reaching $3.32. 320,116 shares of the company’s stock traded hands. Continental Gold has a 52-week low of $2.62 and a 52-week high of $5.75. The company’s market cap is $624.35 million. The stock has a 50-day moving average of $3.16 and a 200 day moving average of $3.42.

WARNING: This report was reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/06/royal-bank-of-canada-lowers-continental-gold-inc-cnl-price-target-to-c5-50.html.

In other Continental Gold news, Director Kenneth Glyndwr Thomas bought 28,280 shares of the stock in a transaction on Tuesday, September 12th. The stock was purchased at an average price of C$3.22 per share, with a total value of C$91,061.60. In the last three months, insiders have acquired 41,280 shares of company stock valued at $134,082.

Continental Gold Company Profile

Continental Gold Inc, together with its subsidiaries, acquires, explores for, evaluates, and develops gold resource properties in Colombia. It 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 76,870 hectares.

Analyst Recommendations for Continental Gold (TSE:CNL)

Receive News & Ratings for Continental Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.