Continental Gold Inc (CNL) PT Lowered to C$5.50 at Royal Bank Of Canada

Continental Gold Inc (TSE:CNL) had its target price reduced by Royal Bank Of Canada from C$6.00 to C$5.50 in a research note issued to investors on Friday morning. Royal Bank Of Canada currently has an outperform rating on the stock.

Continental Gold (TSE:CNL) opened at 3.37 on Friday. Continental Gold has a 52 week low of $2.62 and a 52 week high of $5.75. The company’s 50-day moving average is $3.17 and its 200 day moving average is $3.41. The stock’s market cap is $633.76 million.

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In other news, Director Kenneth Glyndwr Thomas bought 28,280 shares of Continental Gold stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average cost of C$3.22 per share, with a total value of C$91,061.60. Insiders purchased a total of 41,280 shares of company stock valued at $134,082 over the last three months.

About Continental Gold

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.

TSE:CNL) opened at 3.37 on Friday. Continental Gold has a 52 week low of $2.62 and a 52 week high of $5.75. The company’s 50-day moving average is $3.17 and its 200 day moving average is $3.41. The stock’s market cap is $633.76 million.

COPYRIGHT VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/09/continental-gold-inc-cnl-pt-lowered-to-c5-50-at-royal-bank-of-canada.html.

In other news, Director Kenneth Glyndwr Thomas bought 28,280 shares of Continental Gold stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average cost of C$3.22 per share, with a total value of C$91,061.60. Insiders purchased a total of 41,280 shares of company stock valued at $134,082 over the last three months.

About Continental Gold

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.

Analyst Recommendations for Continental Gold (TSE:CNL)

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