Teranga Gold Corp (TSE:TGZ) – Investment analysts at Cormark lowered their Q2 2018 earnings estimates for Teranga Gold in a research note issued on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.14. Cormark also issued estimates for Teranga Gold’s FY2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.46 EPS.
A number of other research firms also recently issued reports on TGZ. Scotiabank set a C$3.75 target price on shares of Teranga Gold and gave the company a “sector perform” rating in a research report on Thursday, January 11th. BMO Capital Markets upgraded shares of Teranga Gold from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$4.00 to C$4.50 in a research report on Thursday, January 11th.
In other Teranga Gold news, insider David Jacques Mimran acquired 99,100 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average price of C$2.92 per share, for a total transaction of C$289,372.00. Also, insider Corporation Tablo bought 87,500 shares of Teranga Gold stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of C$3.57 per share, with a total value of C$312,375.00. In the last 90 days, insiders have acquired 191,850 shares of company stock worth $621,793.
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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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