Continental Gold Inc (CNL) Rating Reiterated by Clarus Securities

Continental Gold Inc (TSE:CNL)‘s stock had its “buy” rating reiterated by research analysts at Clarus Securities in a note issued to investors on Friday, May 12th.

A number of other equities research analysts have also weighed in on CNL. Royal Bank Of Canada lifted their target price on Continental Gold from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Dundee Securities assumed coverage on Continental Gold in a research report on Wednesday, January 25th. They issued a “buy” rating and a C$7.00 price target for the company. TD Securities boosted their target price on Continental Gold from C$6.50 to C$7.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 12th. Finally, Scotiabank upgraded Continental Gold from a “sector perform” rating to an “outperform” rating and set a C$5.50 target price on the stock in a research note on Monday, May 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Continental Gold presently has an average rating of “Buy” and a consensus target price of C$6.17.

Analyst Recommendations for Continental Gold (TSE:CNL)

Shares of Continental Gold (CNL) traded up 3.54% during midday trading on Friday, reaching $3.51. The company had a trading volume of 12,609,696 shares. Continental Gold has a 12-month low of $2.62 and a 12-month high of $5.75. The firm’s market capitalization is $498.02 million. The company has a 50 day moving average of $3.31 and a 200 day moving average of $4.00.

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In other news, Director Ari B. Sussman bought 10,000 shares of Continental Gold stock in a transaction on Thursday, March 23rd. The stock was acquired at an average price of C$4.10 per share, with a total value of C$41,000.00. Also, Director Kenneth Glyndwr Thomas bought 11,111 shares of Continental Gold stock in a transaction on Tuesday, April 18th. The shares were purchased at an average cost of C$3.59 per share, with a total value of C$39,888.49. Insiders bought 58,245 shares of company stock worth $222,109 in the last 90 days.

About Continental Gold

Continental Gold Limited is an exploration-stage company. The Company is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in Colombia. The Company holds the rights to explore and develop six properties in Colombia totaling approximately 122,317 hectares.

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