Q3 2018 EPS Estimates for Teranga Gold Corp (TGZ) Lowered by Cormark

Teranga Gold Corp (TSE:TGZ) – Equities researchers at Cormark reduced their Q3 2018 EPS estimates for Teranga Gold in a research note issued on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.05.

Separately, Canaccord Genuity decreased their target price on Teranga Gold from C$8.50 to C$7.50 in a research note on Tuesday, July 24th.

Shares of TGZ stock opened at C$3.64 on Wednesday. Teranga Gold has a 52 week low of C$2.36 and a 52 week high of C$5.63.

Teranga Gold (TSE:TGZ) last issued its earnings results on Thursday, August 2nd. The company reported C$0.14 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.12 by C$0.02. Teranga Gold had a return on equity of 6.64% and a net margin of 17.96%. The company had revenue of C$104.09 million during the quarter.

In other Teranga Gold news, insider David Jacques Mimran acquired 69,150 shares of Teranga Gold stock in a transaction dated Friday, August 17th. The stock was acquired at an average cost of C$3.58 per share, for a total transaction of C$247,557.00.

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, Côte d'Ivoire, and Senegal.

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Earnings History and Estimates for Teranga Gold (TSE:TGZ)

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