Teranga Gold Corp (TSE:TGZ) – Cormark boosted their Q3 2019 EPS estimates for shares of Teranga Gold in a research note issued to investors on Monday. Cormark analyst R. Gray now forecasts that the company will earn $0.18 per share for the quarter, up from their previous estimate of $0.17. Cormark also issued estimates for Teranga Gold’s Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.62 EPS.
Several other brokerages have also recently issued reports on TGZ. BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$4.00 to C$4.50 in a research report on Thursday, January 11th. Scotiabank set a C$3.75 target price on Teranga Gold and gave the company a “sector perform” rating in a research report on Thursday, January 11th.
In other Teranga Gold news, insider David Jacques Mimran acquired 99,100 shares of the stock in a transaction dated Monday, December 18th. The stock was purchased at an average price of C$2.92 per share, with a total value of C$289,372.00. Also, insider Corporation Tablo acquired 30,700 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of C$2.54 per share, with a total value of C$77,978.00. Insiders have acquired a total of 771,200 shares of company stock worth $2,124,400 in the last ninety days.
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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