Atlantic Gold (AGB) Given Buy Rating at Desjardins

Atlantic Gold (CVE:AGB)‘s stock had its “buy” rating reissued by research analysts at Desjardins in a research note issued to investors on Tuesday. They presently have a C$2.25 target price on the stock. Desjardins’ price target points to a potential upside of 44.23% from the company’s previous close.

A number of other research firms also recently commented on AGB. Raymond James Financial upped their price objective on Atlantic Gold from C$2.00 to C$2.10 in a report on Monday, October 23rd. National Bank Financial set a C$2.40 price objective on Atlantic Gold and gave the company an “outperform” rating in a report on Friday, November 24th.

Shares of Atlantic Gold (CVE:AGB) traded up C$0.02 during mid-day trading on Tuesday, reaching C$1.56. The company had a trading volume of 175,510 shares, compared to its average volume of 303,915. Atlantic Gold has a twelve month low of C$0.76 and a twelve month high of C$1.87.

In other Atlantic Gold news, insider Ryan K. Beedie bought 68,200 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was purchased at an average cost of C$1.38 per share, with a total value of C$94,116.00. Also, insider Ryan K. Beedie bought 100,000 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was acquired at an average cost of C$1.65 per share, with a total value of C$165,000.00. Over the last three months, insiders acquired 408,300 shares of company stock valued at $616,526.

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About Atlantic Gold

Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. Its principal project is the Touquoy Gold Project that covers an area of approximately 1,760 hectares located in Nova Scotia. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.

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