Atlantic Gold (AGB) Rating Reiterated by Desjardins

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Desjardins reiterated their buy rating on shares of Atlantic Gold (CVE:AGB) in a research report sent to investors on Monday.

A number of other research analysts have also issued reports on the stock. Canaccord Genuity reduced their target price on shares of Atlantic Gold from C$3.50 to C$3.00 in a report on Thursday, October 18th. Pi Financial reduced their target price on shares of Atlantic Gold from C$2.60 to C$2.50 and set a buy rating on the stock in a report on Friday, September 28th. Six equities research analysts have rated the stock with a buy rating, Atlantic Gold presently has a consensus rating of Buy and an average target price of C$2.83.

CVE:AGB opened at C$1.71 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 79.85. Atlantic Gold has a 12-month low of C$1.40 and a 12-month high of C$1.99.

Atlantic Gold (CVE:AGB) last released its earnings results on Wednesday, November 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.02). The business had revenue of C$41.91 million for the quarter. Research analysts predict that Atlantic Gold will post 0.16 earnings per share for the current year.

Atlantic Gold Company Profile

Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. Its Touquoy Gold Project covers an area of approximately 1,760 hectares located in Nova Scotia; and holds 100% interest the in Beaver Dam Gold Project. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.

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Analyst Recommendations for Atlantic Gold (CVE:AGB)

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