Teranga Gold Corp (TSE:TGZ) – Equities research analysts at Cormark reduced their FY2019 earnings estimates for Teranga Gold in a research note issued on Monday. Cormark analyst R. Gray now expects that the company will earn $0.58 per share for the year, down from their previous estimate of $0.64.
A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets upgraded shares of Teranga Gold from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$4.00 to C$4.50 in a research note on Thursday, January 11th. Scotiabank set a C$3.75 target price on shares of Teranga Gold and gave the company a “sector perform” rating in a research note on Thursday, January 11th.
In related news, insider David Jacques Mimran purchased 99,100 shares of Teranga Gold stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average price of C$2.92 per share, for a total transaction of C$289,372.00. Also, insider Corporation Tablo purchased 104,700 shares of Teranga Gold stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of C$2.61 per share, for a total transaction of C$273,267.00. In the last quarter, insiders have purchased 1,072,500 shares of company stock worth $2,808,036.
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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