Atlantic Gold Corp (AGB) Receives Average Recommendation of “Buy” from Brokerages

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 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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Analyst Recommendations for Atlantic Gold (CVE:AGB)

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