Teranga Gold (TSE:TGZ) Rating Reiterated by Eight Capital

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Eight Capital reaffirmed their buy rating on shares of Teranga Gold (TSE:TGZ) in a research note issued to investors on Monday, BayStreet.CA reports. Eight Capital currently has a C$10.00 price objective on the stock.

Separately, Canaccord Genuity reiterated a buy rating and set a C$7.00 target price on shares of Teranga Gold in a research report on Tuesday, July 23rd.

TSE:TGZ opened at C$5.41 on Monday. The firm’s 50 day simple moving average is C$4.74 and its 200 day simple moving average is C$3.99. The company has a debt-to-equity ratio of 24.71, a current ratio of 0.79 and a quick ratio of 0.36. Teranga Gold has a one year low of C$2.97 and a one year high of C$5.66. The company has a market cap of $584.20 million and a PE ratio of -41.62.

Teranga Gold Company Profile

Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso, as well as 100% owned Golden Hill project, which include 3 exploration permits covering an area of approximately 468 square kilometers located in southwestern Burkina Faso on the Houndé belt.

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