Atlantic Gold Corp Forecasted to Earn FY2018 Earnings of $0.26 Per Share (AGB)

Atlantic Gold Corp (CVE:AGB) – Stock analysts at Beacon Securities lifted their FY2018 earnings per share estimates for Atlantic Gold in a research report issued on Wednesday. Beacon Securities analyst M. Bandrowski now anticipates that the company will post earnings per share of $0.26 for the year, up from their previous estimate of $0.24. Beacon Securities also issued estimates for Atlantic Gold’s FY2019 earnings at $0.25 EPS.

Atlantic Gold (CVE:AGB) last released its quarterly earnings results on Tuesday, November 28th. The company reported C($0.01) EPS for the quarter, meeting analysts’ consensus estimates of C($0.01).

AGB has been the subject of a number of other research reports. Desjardins reaffirmed a “buy” rating and set a C$2.25 price target on shares of Atlantic Gold in a research report on Tuesday, November 28th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Atlantic Gold in a research report on Thursday, November 23rd. Raymond James Financial upped their price target on Atlantic Gold from C$2.00 to C$2.10 in a research report on Monday, October 23rd. Finally, BMO Capital Markets upped their price target on Atlantic Gold from C$2.20 to C$2.40 and gave the company an “outperform” rating in a research report on Thursday.

Atlantic Gold (CVE:AGB) opened at C$1.68 on Monday. The company has a market capitalization of $306.21, a P/E ratio of -56.00 and a beta of 0.06. Atlantic Gold has a 52-week low of C$0.88 and a 52-week high of C$1.87.

In other Atlantic Gold news, insider Ryan K. Beedie purchased 20,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of C$1.38 per share, with a total value of C$27,600.00. Also, insider Ryan K. Beedie bought 68,200 shares of the firm’s stock in a transaction dated 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. Insiders have acquired a total of 98,200 shares of company stock valued at $135,616 in the last ninety days.

ILLEGAL ACTIVITY WARNING: “Atlantic Gold Corp Forecasted to Earn FY2018 Earnings of $0.26 Per Share (AGB)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/05/atlantic-gold-corp-forecasted-to-earn-fy2018-earnings-of-0-26-per-share-agb.html.

Atlantic Gold Company Profile

Atlantic Gold Corporation is a Canada-based exploration and development gold mining company. The Company is focused on advancing the development of its Nova Scotia properties, including its Moose River Consolidated Project (MRC Project), Cochrane Hill and Fifteen Mile Stream gold projects, as well as continuing to review potential acquisitions and investment opportunities.

Earnings History and Estimates for Atlantic Gold (CVE:AGB)

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

Leave a Reply