Continental Gold (TSE:CNL) had its price objective cut by investment analysts at BMO Capital Markets from C$8.50 to C$5.50 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 3.29% from the company’s current price.

Separately, TD Securities cut Continental Gold from a “speculative buy” rating to a “tender” rating and reduced their price objective for the stock from C$7.00 to C$5.50 in a research report on Tuesday.

Shares of TSE CNL traded down C$0.06 during midday trading on Tuesday, reaching C$5.33. 9,100,990 shares of the stock were exchanged, compared to its average volume of 545,424. Continental Gold has a 12 month low of C$1.76 and a 12 month high of C$5.40. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of -21.05. The company has a debt-to-equity ratio of 248.61, a current ratio of 1.47 and a quick ratio of 1.18. The business has a 50-day simple moving average of C$4.19 and a two-hundred day simple moving average of C$3.83.

About Continental Gold

Continental Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of gold resource properties in Colombia. The company 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 76,565 hectares.

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