Shares of Teranga Gold Corp (TSE:TGZ) hit a new 52-week low on Thursday . The company traded as low as C$4.64 and last traded at C$4.66, with a volume of 91021 shares. The stock had previously closed at C$4.75.
A number of analysts recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and set a C$8.50 target price on shares of Teranga Gold in a report on Monday, April 23rd. Royal Bank of Canada upped their price target on shares of Teranga Gold from C$4.50 to C$6.50 and gave the company an “outperform” rating in a research report on Wednesday, April 4th. Finally, BMO Capital Markets upped their price target on shares of Teranga Gold from C$4.50 to C$5.50 in a research report on Wednesday, March 28th.
Teranga Gold (TSE:TGZ) last issued its quarterly earnings results on Thursday, May 3rd. The company reported C$0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.01). The firm had revenue of C$109.02 million during the quarter. Teranga Gold had a net margin of 17.96% and a return on equity of 6.64%.
Teranga Gold Company Profile
Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso. The company also develops and explores various projects in Burkina Faso, C么te d'Ivoire, and Senegal.
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