Teranga Gold (TGZ) PT Set at C$3.75 by Scotiabank

Teranga Gold (TSE:TGZ) received a C$3.75 target price from investment analysts at Scotiabank in a research note issued on Thursday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 9.33% from the company’s current price.

Separately, BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$4.00 to C$4.50 in a research note on Thursday.

Shares of Teranga Gold (TGZ) opened at C$3.43 on Thursday. The firm has a market capitalization of $367.37, a PE ratio of 11.83 and a beta of -1.05. Teranga Gold has a twelve month low of C$2.36 and a twelve month high of C$5.25.

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

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