Teranga Gold (TGZ) Lifted to “Outperform” at BMO Capital Markets

Teranga Gold (TSE:TGZ) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday. The firm presently has a C$4.50 price target on the stock, up from their prior price target of C$4.00. BMO Capital Markets’ price objective indicates a potential upside of 31.20% from the stock’s current price.

Teranga Gold (TGZ) opened at C$3.43 on Thursday. The stock has a market capitalization of $367.37, a price-to-earnings ratio of 11.83 and a beta of -1.05. Teranga Gold has a 12 month low of C$2.36 and a 12 month high of C$5.25.

In other news, insider Corporation Tablo purchased 104,700 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of C$2.61 per share, for a total transaction of C$273,267.00. Also, insider David Jacques Mimran purchased 99,100 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were purchased at an average price of C$2.92 per share, with a total value of C$289,372.00. Insiders acquired a total of 1,072,500 shares of company stock valued at $2,808,036 in the last 90 days.

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About Teranga Gold

Teranga Gold Corp is a Canada-based mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.

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