BMO Capital Markets Cuts Teranga Gold Corp (TGZ) Price Target to C$1.20
Teranga Gold Corp (TSE:TGZ) had its target price decreased by BMO Capital Markets to C$1.20 in a research report report published on Friday morning. BMO Capital Markets currently has a market perform rating on the stock.
Several other equities analysts also recently commented on the company. Scotiabank reiterated a sector perform rating and issued a C$1.50 price objective on shares of Teranga Gold Corp in a research note on Monday, October 31st. Royal Bank Of Canada reiterated a sector perform rating on shares of Teranga Gold Corp in a research note on Monday, October 31st. Finally, CIBC reiterated a sector outperform rating and issued a C$1.05 price objective on shares of Teranga Gold Corp in a research note on Monday, August 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of C$1.11.
Shares of Teranga Gold Corp (TSE:TGZ) opened at 0.87 on Friday. The firm’s market cap is $341.26 million. The firm has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.12. Teranga Gold Corp has a one year low of $0.38 and a one year high of $1.40.
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Teranga Gold Corp 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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