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Posted by Seth Barnet on Mar 30th, 2015 // No Comments
Shares of Teranga Gold Corp (TSE:TGZ) have received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, AR Network reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$1.33.
Separately, analysts at Scotiabank reiterated a “sector perform” rating and set a C$0.70 price target on shares of Teranga Gold Corp in a research note on Tuesday, March 17th.
Shares of Teranga Gold Corp (TSE:TGZ) traded down 3.08% during mid-day trading on Tuesday, hitting $0.63. 498,199 shares of the company’s stock traded hands. Teranga Gold Corp has a 52-week low of $0.38 and a 52-week high of $0.93. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company has a market cap of $222.26 million and a P/E ratio of 11.45.
Teranga Gold Corporation (TSE:TGZ) is a Canadian-based gold company. Teranga is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development. Teranga operates the Sabodala gold mine.
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