Clarus Securities Comments on Continental Gold Inc.’s FY2018 Earnings (CNL)

Continental Gold Inc. (TSE:CNL) – Investment analysts at Clarus Securities lowered their FY2018 earnings per share estimates for shares of Continental Gold in a research report issued on Wednesday. Clarus Securities analyst J. Spratt now expects that the company will earn ($0.17) per share for the year, down from their previous estimate of ($0.16).

TRADEMARK VIOLATION NOTICE: “Clarus Securities Comments on Continental Gold Inc.’s FY2018 Earnings (CNL)” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at

Separately, Royal Bank Of Canada lowered their target price on shares of Continental Gold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Friday, October 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$6.08.

Continental Gold (CNL) traded up C$0.04 on Monday, reaching C$3.27. 241,158 shares of the company’s stock were exchanged, compared to its average volume of 650,650. Continental Gold has a 12-month low of C$2.62 and a 12-month high of C$5.75.

In other news, Director Kenneth Glyndwr Thomas purchased 28,280 shares of Continental Gold stock in a transaction dated Tuesday, September 12th. The shares were bought at an average cost of C$3.22 per share, with a total value of C$91,061.60. Also, Director James Elvin Gallagher purchased 13,500 shares of Continental Gold stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average cost of C$3.16 per share, for a total transaction of C$42,660.00. Over the last three months, insiders have bought 57,527 shares of company stock worth $183,394.

About Continental Gold

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.

Earnings History and Estimates for Continental Gold (TSE:CNL)

Receive News & Ratings for Continental Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Gold Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply