Rating Worth Watching: Teranga Gold Corp (TSE:TGZ) Had Its Target Price Decreased by 33.33% at BMO Capital Markets to $1.20

November 25, 2016 - By Clifton Ray

Teranga Gold Corp (TSE:TGZ) Stock Target Increased

In an analyst report issued by BMO Capital Markets on 25 November, Teranga Gold Corp (TSE:TGZ) had its target price per share cut to $1.20. The firm now has Market Perform rating on the stock.

Teranga Gold Corp (TSE:TGZ) Ratings Coverage

Out of 3 analysts covering Teranga Gold Corp (TSE:TGZ), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $1.50 is the highest target while $0.60 is the lowest. The $1.28 average target is 51.48% above today’s ($0.845) stock price. Teranga Gold Corp has been the topic of 8 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Monday, October 31 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, January 29 with “Sector Perform”. Scotia Capital maintained Teranga Gold Corp (TSE:TGZ) rating on Friday, July 29. Scotia Capital has “Sector Perform” rating and $1.50 price target. As per Wednesday, November 2, the company rating was maintained by Scotia Capital.

About 779,257 shares traded hands. Teranga Gold Corp (TSE:TGZ) has declined 4.49% since April 21, 2016 and is downtrending. It has underperformed by 9.90% the S&P500.

Teranga Gold Corp is a Canada-based mining company. The company has a market cap of $464.45 million. The Firm is engaged in the production, sale and exploration of gold in Senegal, West Africa. It currently has negative earnings. The Firm owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa.

More notable recent Teranga Gold Corp (TSE:TGZ) news were published by: Reuters.com which released: “BRIEF-Teranga Gold Corp updates on 2016 guidance” on October 30, 2016, also Seekingalpha.com with their article: “Teranga Gold Corp: The Anatomy Of Unseen Value” published on August 05, 2016, Reuters.com published: “BRIEF-Teranga Gold Corp seeks trading halt request” on November 02, 2016. More interesting news about Teranga Gold Corp (TSE:TGZ) were released by: Reuters.com and their article: “BRIEF-Teranga Gold Corp enters into agreements” published on November 01, 2016 as well as Seekingalpha.com‘s news article titled: “Teranga Gold Corp: Making Money, Adding Ounces, Staying Cheap” with publication date: July 21, 2016.

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