Continental Gold (TSE:CNL) had its price target lifted by Cormark from C$4.00 to C$5.20 in a research note released on Tuesday, BayStreet.CA reports.
Separately, Royal Bank of Canada reduced their price target on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an outperform rating for the company in a research report on Thursday, June 20th.
Shares of TSE CNL opened at C$3.98 on Tuesday. The stock has a market capitalization of $814.04 million and a PE ratio of -27.64. Continental Gold has a fifty-two week low of C$1.76 and a fifty-two week high of C$4.13. The company has a debt-to-equity ratio of 227.86, a quick ratio of 2.25 and a current ratio of 2.61. The company has a fifty day moving average of C$3.21.
Continental Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company holds the rights to develop and explore 1 advanced-stage gold project, as well as explore 3 early-stage projects in Colombia covering an area of approximately 76,565 hectares.
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