Today: Teranga Gold Corp (TGZ) Price Target Cut to C$1.20

Today: Teranga Gold Corp (TGZ) Price Target Cut to C$1.20

Teranga Gold Corp (TSE:TGZ) had its price objective decreased by analysts at BMO Capital Markets to C$1.20 in a research note issued to investors on Friday. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 39.53% from the stock’s current price.

A number of other analysts have also commented on TGZ. Scotiabank reissued a “sector perform” rating and issued a C$1.50 price objective on shares of Teranga Gold Corp in a research report on Friday, July 29th. CIBC reissued a “sector outperform” rating and issued a C$1.05 price objective on shares of Teranga Gold Corp in a research report on Monday, August 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Teranga Gold Corp in a research report on Monday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Teranga Gold Corp currently has a consensus rating of “Buy” and a consensus price target of C$1.11.

Shares of Teranga Gold Corp (TSE:TGZ) traded up 4.070% during mid-day trading on Friday, reaching $0.895. 655,919 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $1.01 and its 200-day moving average is $1.12. The stock’s market cap is $351.06 million. Teranga Gold Corp has a 52-week low of $0.38 and a 52-week high of $1.40.

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