Teranga Gold Corp (TSE:TGZ) – Equities research analysts at Cormark dropped their Q1 2018 earnings per share estimates for shares of Teranga Gold in a research report issued on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.14. Cormark also issued estimates for Teranga Gold’s Q3 2018 earnings at $0.09 EPS and Q4 2018 earnings at $0.08 EPS.
Several other equities analysts also recently commented on TGZ. BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$4.00 to C$4.50 in a research report on Thursday, January 11th. Scotiabank set a C$3.75 target price on Teranga Gold and gave the company a “sector perform” rating in a research report on Thursday, January 11th.
In other news, insider David Jacques Mimran bought 99,100 shares of the firm’s stock in a transaction dated 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 bought 87,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of C$3.57 per share, for a total transaction of C$312,375.00. Insiders bought 261,050 shares of company stock worth $815,649 in the last ninety days.
Teranga Gold 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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