FY2019 EPS Estimates for Atlantic Gold Corp (AGB) Lowered by Beacon Securities

Atlantic Gold Corp (CVE:AGB) – Equities researchers at Beacon Securities cut their FY2019 earnings per share (EPS) estimates for shares of Atlantic Gold in a research note issued to investors on Tuesday, March 26th, Zacks Investment Research reports. Beacon Securities analyst M. Curran now forecasts that the company will post earnings of $0.16 per share for the year, down from their previous forecast of $0.19. Beacon Securities also issued estimates for Atlantic Gold’s FY2020 earnings at $0.19 EPS and FY2021 earnings at $0.09 EPS.

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

Several other equities research analysts have also weighed in on the company. BMO Capital Markets set a C$2.75 price objective on Atlantic Gold and gave the company an “outperform” rating in a research note on Wednesday, March 27th. National Bank Financial upped their price objective on Atlantic Gold from C$2.75 to C$3.00 in a research note on Tuesday, March 26th. Pi Financial upped their price objective on Atlantic Gold from C$2.75 to C$2.85 in a research note on Monday, March 25th. Raymond James upped their price objective on Atlantic Gold from C$2.50 to C$2.75 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Finally, Desjardins reissued a “buy” rating on shares of Atlantic Gold in a report on Monday, January 7th. Six research analysts have rated the stock with a buy rating, Atlantic Gold presently has an average rating of “Buy” and an average price target of C$2.85.

Shares of AGB stock traded up C$0.04 during trading hours on Thursday, hitting C$2.07. The company had a trading volume of 236,900 shares, compared to its average volume of 376,877. Atlantic Gold has a 12 month low of C$1.40 and a 12 month high of C$2.38. The firm has a market cap of $490.22 million and a P/E ratio of 17.25. 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. Its Touquoy Gold Project covers an area of approximately 1,760 hectares located in Nova Scotia; and holds 100% interest the in Beaver Dam Gold Project. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.

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

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