Eight Capital restated their buy rating on shares of Teranga Gold (TSE:TGZ) in a report issued on Monday, BayStreet.CA reports. Eight Capital currently has a C$10.00 price objective on the stock.
Separately, Canaccord Genuity reaffirmed a buy rating and set a C$7.00 price target on shares of Teranga Gold in a research report on Tuesday, July 23rd.
TSE:TGZ opened at C$5.41 on Monday. Teranga Gold has a 52 week low of C$2.97 and a 52 week high of C$5.66. The firm has a market cap of $584.20 million and a price-to-earnings ratio of -41.62. The firm’s 50-day simple moving average is C$4.74 and its 200 day simple moving average is C$3.99. The company has a debt-to-equity ratio of 24.71, a quick ratio of 0.36 and a current ratio of 0.79.
Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso, as well as 100% owned Golden Hill project, which include 3 exploration permits covering an area of approximately 468 square kilometers located in southwestern Burkina Faso on the Houndé belt.
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