Teranga Gold Corp (TSE:TGZ) had its target price boosted by research analysts at Laurentian Bank of Canada from C$0.70 to C$1.00 in a research note issued to investors on Tuesday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the stock. Laurentian Bank of Canada’s target price indicates a potential upside of 12.36% from the stock’s previous close.
TGZ has been the subject of a number of other research reports. CIBC reduced their price objective on Teranga Gold Corp from C$0.60 to C$0.50 in a research note on Tuesday, February 2nd. RBC Capital reiterated a “sector perform” rating on shares of Teranga Gold Corp in a research note on Friday, January 29th. Scotiabank boosted their price objective on Teranga Gold Corp from C$0.60 to C$0.70 and gave the company a “sector perform” rating in a research note on Friday, February 26th. Finally, Laurentian boosted their price objective on Teranga Gold Corp from C$0.50 to C$0.70 in a research note on Monday, February 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$0.83.
Teranga Gold Corp (TSE:TGZ) opened at 0.89 on Tuesday. The stock has a market cap of $313.99 million and a P/E ratio of 6.50. Teranga Gold Corp has a 12-month low of $0.38 and a 12-month high of $0.93. The stock has a 50 day moving average of $0.70 and a 200 day moving average of $0.56.
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