Continental Gold Inc. (CNL) Expected to Earn FY2018 Earnings of ($0.17) Per Share
Continental Gold Inc. (TSE:CNL) – Clarus Securities cut their FY2018 EPS estimates for Continental Gold in a research note issued to investors on Wednesday. Clarus Securities analyst J. Spratt now expects that the company will post earnings of ($0.17) per share for the year, down from their previous forecast of ($0.16).
Separately, Royal Bank Of Canada decreased their price target on Continental Gold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Friday, October 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$6.08.
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Continental Gold (TSE CNL) opened at C$3.23 on Monday. Continental Gold has a fifty-two week low of C$2.62 and a fifty-two week high of C$5.75.
In other Continental Gold news, Director Kenneth Glyndwr Thomas acquired 28,280 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of C$3.22 per share, with a total value of C$91,061.60. Also, Director James Elvin Gallagher acquired 13,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average cost of C$3.16 per share, with a total value of C$42,660.00. Insiders bought 57,527 shares of company stock valued at $183,394 over the last ninety days.
Continental Gold Company Profile
Continental Gold Inc, together with its subsidiaries, acquires, explores for, evaluates, and develops gold resource properties in Colombia. It 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 76,870 hectares.
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