Canaccord Genuity Lowers Atlantic Gold (AGB) Price Target to C$3.00

Atlantic Gold (CVE:AGB) had its target price lowered by research analysts at Canaccord Genuity from C$3.50 to C$3.00 in a research report issued on Thursday. Canaccord Genuity’s price objective would indicate a potential upside of 77.51% from the company’s current price.

Several other equities analysts have also recently weighed in on AGB. Desjardins lifted their price objective on shares of Atlantic Gold from C$2.60 to C$2.75 in a research report on Thursday, July 5th. Pi Financial lowered their price objective on shares of Atlantic Gold from C$2.60 to C$2.50 in a research report on Friday, September 7th. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$2.68.

CVE AGB opened at C$1.69 on Thursday. Atlantic Gold has a twelve month low of C$1.30 and a twelve month high of C$1.99.

Atlantic Gold (CVE:AGB) last posted its quarterly earnings data on Wednesday, August 15th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.02). The business had revenue of C$35.89 million for the quarter.

In related news, Director Donald Siemens purchased 70,000 shares of the stock in a transaction dated Monday, September 24th. The shares were acquired at an average cost of C$1.67 per share, for a total transaction of C$116,900.00. Also, insider Ryan K. Beedie purchased 110,000 shares of the stock in a transaction dated Friday, August 17th. The shares were bought at an average price of C$1.60 per share, for a total transaction of C$176,000.00. Over the last quarter, insiders have acquired 672,900 shares of company stock worth $1,107,759.

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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