GMP Securities cut shares of Teranga Gold Corp (TSE:TGZ) from a buy rating to a hold rating in a research note issued to investors on Thursday, Analyst Ratings.Net reports.
Teranga Gold Corp (TSE:TGZ) traded down 3.57% during mid-day trading on Thursday, hitting $0.54. 181,276 shares of the company’s stock traded hands. Teranga Gold Corp has a 1-year low of $0.48 and a 1-year high of $2.49. The stock’s 50-day moving average is $0.6 and its 200-day moving average is $0.68. The company has a price-to-earnings ratio of 1.14.
Several other analysts have also recently commented on the stock. Analysts at CIBC reiterated a sector perform rating on shares of Teranga Gold Corp in a research note to investors on Tuesday, October 8th. They now have a C$0.90 price target on the stock. Finally, analysts at Jennings Capital initiated coverage on shares of Teranga Gold Corp in a research note to investors on Friday, September 13th. They set a buy rating and a C$1.50 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of C$1.11.
Teranga Gold Corporation (TSE:TGZ) is a Canada-based gold company, which was created to acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, from Mineral Deposits Limited (MDL).
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