Continental Gold Inc (TSE:CNL) - Research analysts at Clarus Securities raised their FY2017 earnings estimates for Continental Gold in a research note issued to investors on Tuesday. Clarus Securities analyst J. Spratt now forecasts that the company will post earnings per share of ($0.11) for the year, up from their prior forecast of ($0.12). Clarus Securities has a “Buy” rating on the stock. Clarus Securities also issued estimates for Continental Gold’s FY2018 earnings at ($0.16) EPS, FY2019 earnings at ($0.11) EPS and FY2020 earnings at $1.36 EPS.
Several other research firms also recently weighed in on CNL. TD Securities increased their target price on Continental Gold from C$6.50 to C$7.00 and gave the company a “speculative buy” rating in a research report on Friday, May 12th. Royal Bank of Canada increased their price target on Continental Gold from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Tuesday, May 16th. Finally, Scotiabank upgraded Continental Gold from a “sector perform” rating to an “outperform” rating and set a C$5.50 price target on the stock in a report on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$6.17.
Continental Gold (CNL) opened at 3.02 on Thursday. The firm’s market capitalization is $567.94 million. The stock has a 50 day moving average of $3.31 and a 200 day moving average of $3.74. Continental Gold has a 12 month low of $2.62 and a 12 month high of $5.75.
In other news, Director Martin Jose Carrizosa acquired 37,300 shares of Continental Gold stock in a transaction dated Monday, June 19th. The stock was purchased at an average cost of C$3.58 per share, for a total transaction of C$133,534.00. Also, Director Leon Teicher acquired 30,000 shares of Continental Gold stock in a transaction dated Friday, June 16th. The stock was purchased at an average price of C$3.49 per share, with a total value of C$104,700.00. Over the last 90 days, insiders bought 227,943 shares of company stock valued at $849,831.
Continental Gold Company Profile
Continental Gold Inc, together with its subsidiaries, acquires, explores for, evaluates, and develops gold resource properties in Colombia. It holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,870 hectares.
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