Analysts Issue Forecasts for Teranga Gold Corp’s Q3 2017 Earnings (TGZ)
Teranga Gold Corp (TSE:TGZ) – Equities research analysts at Cormark lifted their Q3 2017 earnings per share estimates for Teranga Gold Corp in a research note issued to investors on Monday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.09 per share for the quarter, up from their previous estimate of $0.05.
Separately, Royal Bank Of Canada upgraded shares of Teranga Gold Corp from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 18th.
Shares of Teranga Gold Corp (TSE:TGZ) opened at 2.87 on Tuesday. The company’s 50-day moving average is $3.08 and its 200 day moving average is $3.31. The firm has a market capitalization of $308.07 million and a price-to-earnings ratio of 11.25. Teranga Gold Corp has a 1-year low of $2.75 and a 1-year high of $6.05.
Teranga Gold Corp Company Profile
Teranga Gold Corp is a Canada-based mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.
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