Teranga Gold (TGZ) Upgraded to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Teranga Gold (TSE:TGZ) from a market perform rating to an outperform rating in a research note published on Thursday. They currently have C$4.50 target price on the stock, up from their previous target price of C$4.00.

Teranga Gold (TSE TGZ) traded up C$0.25 during mid-day trading on Thursday, reaching C$3.43. 473,635 shares of the company were exchanged, compared to its average volume of 187,106. The stock has a market capitalization of $367.37, a P/E ratio of 11.83 and a beta of -1.05. Teranga Gold has a 52-week low of C$2.36 and a 52-week high of C$5.25.

In related news, insider David Jacques Mimran acquired 99,100 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average price of C$2.92 per share, with a total value of C$289,372.00. Also, insider Corporation Tablo acquired 254,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of C$2.62 per share, for a total transaction of C$666,790.00. In the last three months, insiders have purchased 1,072,500 shares of company stock worth $2,808,036.

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Teranga Gold Company Profile

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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