Q2 2018 Earnings Forecast for Teranga Gold Corp Issued By Cormark (TGZ)

Teranga Gold Corp (TSE:TGZ) – Stock analysts at Cormark dropped their Q2 2018 earnings estimates for shares of Teranga Gold in a research note issued on Tuesday. Cormark analyst R. Gray now expects that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast 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.

TGZ has been the subject of several other reports. Scotiabank set a C$3.75 target price on Teranga Gold and gave the stock a “sector perform” rating in a research report on Thursday, January 11th. BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$4.00 to C$4.50 in a research report on Thursday, January 11th.

Teranga Gold (TSE:TGZ) opened at C$4.16 on Thursday. The stock has a market capitalization of $447.49, a price-to-earnings ratio of 10.95 and a beta of -0.84. Teranga Gold has a 12-month low of C$2.36 and a 12-month high of C$4.75.

In other Teranga Gold news, insider Corporation Tablo acquired 70,700 shares of the stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of C$2.83 per share, with a total value of C$200,081.00. Also, insider David Jacques Mimran acquired 99,100 shares of the stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of C$2.92 per share, with a total value of C$289,372.00. Over the last three months, insiders bought 262,550 shares of company stock valued at $821,874.

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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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