Desjardins Increases Atlantic Gold (AGB) Price Target to C$2.40

Atlantic Gold (CVE:AGB) had its price objective lifted by Desjardins from C$2.25 to C$2.40 in a report published on Friday. Desjardins also issued estimates for Atlantic Gold’s FY2018 earnings at $0.29 EPS and FY2020 earnings at $0.18 EPS.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial raised their target price on Atlantic Gold from C$2.40 to C$2.80 in a report on Friday, January 26th. Raymond James Financial raised their target price on Atlantic Gold from C$2.00 to C$2.10 in a report on Monday, October 23rd. Finally, BMO Capital Markets raised their target price on Atlantic Gold from C$2.20 to C$2.40 and gave the company an outperform rating in a report on Thursday, February 1st.

Shares of Atlantic Gold (CVE AGB) opened at C$1.66 on Friday. The stock has a market capitalization of $302.56, a P/E ratio of -55.33 and a beta of 0.06. Atlantic Gold has a 12-month low of C$0.88 and a 12-month high of C$1.87.

Atlantic Gold (CVE:AGB) last issued its earnings results on Tuesday, November 28th. The company reported C($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of C($0.01).

In other news, insider Ryan K. Beedie acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of C$1.38 per share, with a total value of C$27,600.00. Also, insider Ryan K. Beedie acquired 68,200 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of C$1.38 per share, for a total transaction of C$94,116.00. In the last ninety days, insiders acquired 98,200 shares of company stock worth $135,616.

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Atlantic Gold Company Profile

Atlantic Gold Corporation is a Canada-based exploration and development gold mining company. The Company is focused on advancing the development of its Nova Scotia properties, including its Moose River Consolidated Project (MRC Project), Cochrane Hill and Fifteen Mile Stream gold projects, as well as continuing to review potential acquisitions and investment opportunities.

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