Atlantic Gold Corp (CVE:AGB) – Investment analysts at Desjardins reduced their FY2018 earnings per share (EPS) estimates for shares of Atlantic Gold in a note issued to investors on Friday. Desjardins analyst R. Ray now expects that the company will post earnings of $0.29 per share for the year, down from their previous forecast of $0.30. Desjardins also issued estimates for Atlantic Gold’s FY2020 earnings at $0.18 EPS.

Atlantic Gold (CVE:AGB) last announced its earnings results on Tuesday, November 28th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01).

Several other brokerages have also commented on AGB. National Bank Financial raised their price objective on Atlantic Gold from C$2.40 to C$2.80 in a research report on Friday, January 26th. Raymond James Financial boosted their target price on Atlantic Gold from C$2.00 to C$2.10 in a research report on Monday, October 23rd. Finally, BMO Capital Markets boosted their price target on Atlantic Gold from C$2.20 to C$2.40 and gave the company an “outperform” rating in a research note on Thursday, February 1st.

Shares of Atlantic Gold (CVE AGB) traded down C$0.03 during trading on Monday, hitting C$1.63. 129,505 shares of the stock traded hands, compared to its average volume of 330,705. Atlantic Gold has a 1 year low of C$0.88 and a 1 year high of C$1.87. The company has a market capitalization of $302.56, a PE ratio of -55.33 and a beta of 0.06.

In other Atlantic Gold news, insider Ryan K. Beedie acquired 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of C$1.38 per share, with a total value of C$27,600.00. Also, insider Ryan K. Beedie purchased 68,200 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of C$1.38 per share, for a total transaction of C$94,116.00. Insiders have bought a total of 98,200 shares of company stock worth $135,616 over the last ninety days.

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About Atlantic Gold

Atlantic Gold Corporation is a Canada-based exploration and development gold mining company. The Company is focused on advancing the development of its Nova Scotia properties, including its Moose River Consolidated Project (MRC Project), Cochrane Hill and Fifteen Mile Stream gold projects, as well as continuing to review potential acquisitions and investment opportunities.

Earnings History and Estimates for Atlantic Gold (CVE:AGB)

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