Desjardins Comments on Atlantic Gold Corp’s FY2021 Earnings (AGB)

Atlantic Gold Corp (CVE:AGB) – Analysts at Desjardins reduced their FY2021 EPS estimates for shares of Atlantic Gold in a research note issued to investors on Monday, May 13th. Desjardins analyst R. Ray now expects that the company will post earnings of $0.08 per share for the year, down from their prior forecast of $0.09.

Atlantic Gold (CVE:AGB) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). The firm had revenue of C$37.64 million for the quarter.



Several other equities research analysts have also issued reports on the stock. Canaccord Genuity lowered their price target on shares of Atlantic Gold from C$3.00 to C$2.75 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. National Bank Financial lifted their price target on shares of Atlantic Gold from C$2.75 to C$3.00 in a research note on Tuesday, March 26th. Raymond James set a C$2.50 price target on shares of Atlantic Gold and gave the company an “outperform” rating in a research note on Wednesday, January 23rd. Pi Financial lifted their price target on shares of Atlantic Gold from C$2.75 to C$2.85 in a research note on Monday, March 25th. Finally, BMO Capital Markets set a C$2.75 price target on shares of Atlantic Gold and gave the company an “outperform” rating in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a buy rating, Atlantic Gold presently has a consensus rating of “Buy” and an average target price of C$2.74.

Shares of CVE AGB opened at C$2.88 on Thursday. The firm has a market cap of $476.01 million and a PE ratio of 24.00. Atlantic Gold has a twelve month low of C$1.40 and a twelve month high of C$2.89. The company has a current ratio of 2.86, a quick ratio of 2.20 and a debt-to-equity ratio of 75.29.

Atlantic Gold Company Profile

Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. It holds 63.2% effective ownership interests in the Touquoy gold project covering approximately 1,760 hectares; and 100% interest in the Beaver Dam gold, Cochrane Hill, and Fifteen Mile Stream projects located in Nova Scotia.

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Earnings History and Estimates for Atlantic Gold (CVE:AGB)

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