Teranga Gold Corp (TSE:TGZ) – Stock analysts at Cormark raised their FY2017 earnings estimates for shares of Teranga Gold in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.60 per share for the year, up from their prior estimate of $0.49. Cormark also issued estimates for Teranga Gold’s Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.18 EPS and FY2019 earnings at $0.64 EPS.
A number of other equities analysts also recently commented on TGZ. Scotiabank set a C$3.75 target price on shares of Teranga Gold and gave the stock a “sector perform” rating in a research note on Thursday. BMO Capital Markets upgraded shares of Teranga Gold from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$4.00 to C$4.50 in a research note on Thursday.
In related news, insider David Jacques Mimran bought 99,100 shares of the company’s stock in a transaction on Monday, December 18th. The shares were acquired at an average cost of C$2.92 per share, for a total transaction of C$289,372.00. Also, insider Corporation Tablo bought 56,900 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average price of C$2.48 per share, for a total transaction of C$141,112.00. Insiders acquired a total of 1,072,500 shares of company stock worth $2,808,036 over the last 90 days.
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Teranga Gold Company Profile
Teranga Gold Corp is a Canada-based mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.
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