Teranga Gold Corp Expected to Earn Q4 2017 Earnings of $0.28 Per Share (TGZ)

Teranga Gold Corp (TSE:TGZ) – Analysts at Cormark lifted their Q4 2017 earnings per share estimates for 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 $0.28 per share for the quarter, up from their prior estimate of $0.15. Cormark also issued estimates for Teranga Gold’s FY2018 earnings at $0.51 EPS.

Several other equities research analysts also recently issued reports on TGZ. Scotiabank set a C$3.75 price target on Teranga Gold and gave the stock a “sector perform” rating in a report on Thursday, January 11th. BMO Capital Markets upgraded Teranga Gold from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$4.00 to C$4.50 in a report on Thursday, January 11th.

Shares of Teranga Gold (TSE TGZ) opened at C$3.48 on Monday. Teranga Gold has a fifty-two week low of C$2.36 and a fifty-two week high of C$5.25. The stock has a market capitalization of $373.56, a PE ratio of 12.00 and a beta of -1.05.

Teranga Gold (TSE:TGZ) last released its earnings results on Thursday, November 2nd. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate of C$0.09 by C$0.03. Teranga Gold had a return on equity of 6.64% and a net margin of 17.96%.

In other news, insider David Jacques Mimran acquired 99,100 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average cost of C$2.92 per share, for a total transaction of C$289,372.00. Also, insider Corporation Tablo acquired 104,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average price of C$2.61 per share, with a total value of C$273,267.00. Over the last quarter, insiders have purchased 1,072,500 shares of company stock valued at $2,808,036.

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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.

Earnings History and Estimates for Teranga Gold (TSE:TGZ)

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