Royal Bank Of Canada Lowers Continental Gold Inc (CNL) Price Target to C$5.50
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.
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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.
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