Continental Gold (TSE:CNL) PT Lowered to C$5.50 at BMO Capital Markets

Continental Gold (TSE:CNL) had its price objective decreased by BMO Capital Markets from C$8.50 to C$5.50 in a research report report published on Tuesday, BayStreet.CA reports.

Separately, TD Securities lowered Continental Gold from a speculative buy rating to a tender rating and decreased their price objective for the stock from C$7.00 to C$5.50 in a research report on Tuesday.

TSE:CNL opened at C$5.37 on Tuesday. The firm has a market capitalization of $1.09 billion and a price-to-earnings ratio of -21.23. Continental Gold has a 1-year low of C$1.76 and a 1-year high of C$5.40. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 248.61. The business’s fifty day moving average price is C$4.28 and its 200 day moving average price is C$3.87.

Continental Gold Company Profile

Continental Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,565 hectares.

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