Atlantic Gold (CVE:AGB) had its target price boosted by equities research analysts at Raymond James from C$2.50 to C$2.75 in a research report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 22.77% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Pi Financial increased their price target on Atlantic Gold from C$2.50 to C$2.65 in a research note on Wednesday, November 21st. Desjardins reissued a “buy” rating on shares of Atlantic Gold in a research note on Monday, January 7th. Finally, Canaccord Genuity raised Atlantic Gold from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Seven equities research analysts have rated the stock with a buy rating, Atlantic Gold has a consensus rating of “Buy” and a consensus target price of C$2.82.
Shares of AGB stock traded down C$0.05 on Thursday, hitting C$2.24. The company had a trading volume of 305,781 shares, compared to its average volume of 356,418. The stock has a market cap of $549.42 million and a price-to-earnings ratio of 18.67. The company has a current ratio of 2.86, a quick ratio of 2.20 and a debt-to-equity ratio of 75.29. Atlantic Gold has a twelve month low of C$1.40 and a twelve month high of C$2.34.
About Atlantic Gold
Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. Its Touquoy Gold Project covers an area of approximately 1,760 hectares located in Nova Scotia; and holds 100% interest the in Beaver Dam Gold Project. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.
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