Continental Gold (TSE:CNL) Price Target Increased to C$5.20 by Analysts at Cormark

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.

About Continental Gold

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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