Teranga Gold Corp (TSE:TGZ) – Equities researchers at Cormark lowered their Q3 2018 EPS estimates for Teranga Gold in a report issued on Tuesday, October 16th, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the company will earn $0.04 per share for the quarter, down from their prior estimate of $0.05.
Separately, Canaccord Genuity decreased their target price on shares of Teranga Gold from C$8.50 to C$7.50 in a research report on Tuesday, July 24th.
In other news, insider David Jacques Mimran acquired 69,150 shares of Teranga Gold stock in a transaction on Friday, August 17th. The stock was bought at an average cost of C$3.58 per share, with a total value of C$247,557.00.
About Teranga Gold
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. The company also develops and explores various projects in Burkina Faso, Côte d'Ivoire, and Senegal.
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