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).

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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)

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