Shares of Atlantic Gold Corp (CVE:AGB) have earned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is C$2.84.
A number of brokerages have recently commented on AGB. BMO Capital Markets set a C$2.75 price objective on Atlantic Gold and gave the company an “outperform” rating in a research report on Wednesday. National Bank Financial lifted their price objective on Atlantic Gold from C$2.75 to C$3.00 in a research report on Tuesday. Pi Financial lifted their price objective on Atlantic Gold from C$2.75 to C$2.85 in a research report on Monday, March 25th. Raymond James lifted their price objective on Atlantic Gold from C$2.50 to C$2.75 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, Desjardins reaffirmed a “buy” rating on shares of Atlantic Gold in a research report on Monday, January 7th.
Shares of CVE:AGB traded down C$0.06 during midday trading on Friday, reaching C$2.12. The company’s stock had a trading volume of 114,300 shares, compared to its average volume of 336,248. The company has a market cap of $502.06 million and a P/E ratio of 17.67. The company has a quick ratio of 2.20, a current ratio of 2.86 and a debt-to-equity ratio of 75.29. Atlantic Gold has a 1 year low of C$1.40 and a 1 year high of C$2.38.
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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