Teranga Gold Co. (OTCMKTS:TGCDF) has received an average rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.40.
Several equities analysts have recently commented on TGCDF shares. CIBC lowered their target price on Teranga Gold from $22.50 to $20.00 and set an “outperform” rating for the company in a report on Thursday, November 12th. Raymond James raised Teranga Gold from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, September 23rd.
OTCMKTS TGCDF traded down $0.18 on Friday, hitting $10.67. 8,707 shares of the stock traded hands, compared to its average volume of 27,028. The stock has a 50-day moving average of $11.00 and a 200 day moving average of $10.78. Teranga Gold has a twelve month low of $2.84 and a twelve month high of $12.82.
Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. The company's flagship project is the Sabodala gold mine covering an area of 291 square kilometers mine license and 629 square kilometers exploration land package located in the Republic of Senegal.
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