Trading Report: Today: Teranga Gold Corp (TGZ) Given Average Recommendation of “Buy” by Brokerages

Today: Teranga Gold Corp (TGZ) Given Average Recommendation of “Buy” by Brokerages

Shares of Teranga Gold Corp (TSE:TGZ) have been given an average rating of “Buy” by the six ratings firms that are covering the firm. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$1.15.

A number of research analysts have commented on TGZ shares. CIBC reaffirmed a “sector outperform” rating and issued a C$1.05 target price on shares of Teranga Gold Corp in a research report on Monday, August 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Teranga Gold Corp in a research report on Monday, October 31st. Scotiabank reissued a “sector perform” rating and set a C$1.50 price target on shares of Teranga Gold Corp in a research report on Monday, October 31st. Finally, BMO Capital Markets reduced their price target on shares of Teranga Gold Corp to C$1.20 and set a “market perform” rating on the stock in a research report on Friday.

Shares of Teranga Gold Corp (TSE:TGZ) traded up 3.49% on Monday, hitting $0.89. 875,777 shares of the stock were exchanged. The company’s 50 day moving average is $1.01 and its 200-day moving average is $1.12. Teranga Gold Corp has a 52-week low of $0.38 and a 52-week high of $1.40. The stock’s market cap is $349.10 million.

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