Cormark Equities Analysts Cut Earnings Estimates for Teranga Gold Corp (TSE:TGZ)

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.

Shares of TGZ stock traded down C$0.10 during trading hours on Wednesday, reaching C$3.46. The stock had a trading volume of 84,300 shares, compared to its average volume of 257,763. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 6.95. Teranga Gold has a twelve month low of C$2.36 and a twelve month high of C$5.63.

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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Earnings History and Estimates for Teranga Gold (TSE:TGZ)

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