Teranga Gold (TGZ) Price Target Cut to C$7.00

Teranga Gold (TSE:TGZ) had its price objective lowered by investment analysts at Canaccord Genuity from C$7.50 to C$7.00 in a research report issued on Thursday. Canaccord Genuity’s target price would indicate a potential upside of 92.84% from the stock’s previous close.

Shares of TSE TGZ traded up C$0.01 during midday trading on Thursday, hitting C$3.63. The stock had a trading volume of 155,294 shares, compared to its average volume of 267,284. Teranga Gold has a 1-year low of C$2.36 and a 1-year high of C$5.63.

Teranga Gold (TSE:TGZ) last released its quarterly earnings data on Thursday, August 2nd. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.02. The business had revenue of C$104.09 million for the quarter. Teranga Gold had a return on equity of 6.64% and a net margin of 17.96%.

In other Teranga Gold news, insider David Jacques Mimran acquired 69,150 shares of the company’s stock in a transaction on Friday, August 17th. The shares were bought 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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