Trade Report: Today: Teranga Gold Corp (TGZ) Price Target Decreased to C$1.20 at BMO Capital Markets

Today: Teranga Gold Corp (TGZ) Price Target Decreased to C$1.20 at BMO Capital Markets

Teranga Gold Corp (TSE:TGZ) had its price target lowered by equities researchers at BMO Capital Markets to C$1.20 in a 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.

Other research analysts have also recently issued research reports about the stock. CIBC reiterated a “sector outperform” rating and issued a C$1.05 target price on shares of Teranga Gold Corp in a research note on Monday, August 22nd. Scotiabank reiterated a “sector perform” rating and issued a C$1.50 target price on shares of Teranga Gold Corp in a research note on Monday, October 31st. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Teranga Gold Corp in a research report on Monday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$1.11.

Shares of Teranga Gold Corp (TSE:TGZ) opened at 0.86 on Friday. The stock has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.12. Teranga Gold Corp has a 12-month low of $0.38 and a 12-month high of $1.40. The stock’s market cap is $337.33 million.

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