Teranga Gold Corp Forecasted to Post FY2018 Earnings of $0.29 Per Share (TGZ)

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Teranga Gold Corp (TSE:TGZ) – Equities research analysts at Cormark raised their FY2018 earnings per share (EPS) estimates for Teranga Gold in a research note issued to investors on Wednesday, January 9th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.29 per share for the year, up from their prior forecast of $0.24. Cormark also issued estimates for Teranga Gold’s Q4 2018 earnings at $0.07 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.24 EPS.

Teranga Gold (TSE:TGZ) last issued its quarterly earnings results on Thursday, November 1st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.03). The firm had revenue of C$83.90 million during the quarter.

A number of other research analysts have also issued reports on TGZ. Canaccord Genuity lowered their target price on Teranga Gold from C$7.50 to C$7.00 in a report on Thursday, October 18th. BMO Capital Markets reaffirmed an “average” rating and set a C$4.50 target price on shares of Teranga Gold in a report on Monday, December 17th.

Shares of TGZ opened at C$3.89 on Friday. The company has a debt-to-equity ratio of 12.20, a current ratio of 2.01 and a quick ratio of 0.98. Teranga Gold has a one year low of C$3.12 and a one year high of C$5.63.

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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