Q4 2017 EPS Estimates for Teranga Gold Corp Increased by Analyst (TGZ)
Teranga Gold Corp (TSE:TGZ) – Stock analysts at Cormark raised their Q4 2017 earnings per share (EPS) estimates for Teranga Gold in a report released on Thursday. Cormark analyst R. Gray now expects that the company will earn $0.28 per share for the quarter, up from their previous estimate of $0.15. Cormark also issued estimates for Teranga Gold’s FY2018 earnings at $0.51 EPS.
Several other equities analysts have also recently weighed in on the company. BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$4.00 to C$4.50 in a research note on Thursday. Scotiabank set a C$3.75 target price on Teranga Gold and gave the company a “sector perform” rating in a research note on Thursday.
In other Teranga Gold news, insider David Jacques Mimran bought 99,100 shares of the stock in a transaction on Monday, December 18th. The shares were bought at an average price of C$2.92 per share, with a total value of C$289,372.00. Also, insider Corporation Tablo purchased 104,700 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of C$2.61 per share, with a total value of C$273,267.00. In the last ninety days, insiders have acquired 1,072,500 shares of company stock worth $2,808,036.
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About Teranga Gold
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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