Troilus Gold (TSE:TLG) Hits New 12-Month High – Time to Buy?

Troilus Gold Corp. (TSE:TLG) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$2.33 and last traded at C$2.31, with a volume of 899285 shares traded. The stock had previously closed at C$2.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TLG shares. BMO Capital Markets raised shares of Troilus Gold to a “strong-buy” rating in a research note on Friday, May 1st. Maxim Group upgraded shares of Troilus Gold to a “strong-buy” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Troilus Gold Price Performance

The company has a market cap of C$1.28 billion, a PE ratio of -15.40 and a beta of 2.40. The business’s 50 day moving average is C$1.79 and its 200-day moving average is C$1.82.

Troilus Gold (TSE:TLG) last issued its earnings results on Friday, June 5th. The company reported C($0.04) EPS for the quarter.

About Troilus Gold

Troilus Mining Corp. is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning it as a cornerstone project in North America.