Eight Capital reaffirmed their buy rating on shares of Teranga Gold (TSE:TGZ) in a research report report published on Monday morning, BayStreet.CA reports. Eight Capital currently has a C$10.00 price objective on the stock.
Separately, Canaccord Genuity restated a buy rating and set a C$7.00 price target on shares of Teranga Gold in a research note on Tuesday, July 23rd.
Shares of Teranga Gold stock opened at C$5.36 on Monday. The stock has a market capitalization of $584.20 million and a price-to-earnings ratio of -41.23. The company has a debt-to-equity ratio of 24.71, a quick ratio of 0.36 and a current ratio of 0.79. Teranga Gold has a 12 month low of C$2.97 and a 12 month high of C$5.66. The company’s fifty day moving average price is C$4.71.
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, as well as 100% owned Golden Hill project, which include 3 exploration permits covering an area of approximately 468 square kilometers located in southwestern Burkina Faso on the Houndé belt.
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