Atlantic Gold (CVE:AGB) had its price target raised by stock analysts at Raymond James from C$2.50 to C$2.75 in a research report issued on Thursday. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 22.77% from the stock’s previous close.
Several other brokerages have also recently weighed in on AGB. Desjardins restated a “buy” rating on shares of Atlantic Gold in a research note on Monday, January 7th. Pi Financial raised their price objective on Atlantic Gold from C$2.50 to C$2.65 in a research note on Wednesday, November 21st. Finally, Canaccord Genuity upgraded Atlantic Gold from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, November 28th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$2.82.
Shares of CVE:AGB opened at C$2.24 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.20 and a debt-to-equity ratio of 75.29. Atlantic Gold has a 1-year low of C$1.40 and a 1-year high of C$2.34. The firm has a market cap of $532.85 million and a price-to-earnings ratio of 18.67.
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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