Teranga Gold Corp (TSE:TGZ) rose 1.7% during mid-day trading on Thursday . The stock traded as high as C$2.98 and last traded at C$2.93. Approximately 129,481 shares changed hands during trading, a decline of 4% from the average daily volume of 134,476 shares. The stock had previously closed at C$2.88.

TGZ has been the topic of several research reports. BMO Capital Markets raised Teranga Gold from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$4.00 to C$4.50 in a research report on Thursday. Scotiabank set a C$3.75 price target on Teranga Gold and gave the company a “sector perform” rating in a research report on Thursday.

The stock has a market cap of $315.61, a PE ratio of 10.10 and a beta of -1.05.

In related news, insider David Jacques Mimran acquired 99,100 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average cost of C$2.92 per share, for a total transaction of C$289,372.00. Also, insider Corporation Tablo acquired 104,700 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average price of C$2.61 per share, with a total value of C$273,267.00. Over the last three months, insiders have purchased 1,072,500 shares of company stock worth $2,808,036.

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About Teranga Gold

Teranga Gold Corp is a Canada-based mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.

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