In a latest note to investors, a research analyst has provided a rating update for the Atlantic Gold (AGB). Analyst Carey MacRury from Canaccord Genuity reiterated a Buy rating, with a C$2.75 price target yesterday.
According to TipRanks.com, MacRury is a 1-star analyst with an average return of 0.0% and a 46.5% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, Kirkland Lake Gold Ltd, and Eldorado Gold Corp.
Currently, the analyst consensus on Atlantic Gold is a Strong Buy with an average price target of C$2.84.
Based on Atlantic Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$8.24 million. In comparison, last year the company had a net profit of C$3.31 million.
Atlantic Gold Corp. engages in the acquisition, exploration, and development of mineral properties. It holds interest in the Moose River Consolidated Project, Cochrane Hill Project, and Fifteen Mile Stream Project. The company was founded on July 24, 1986 and is headquartered in Vancouver, Canada.
The company’s shares closed on Wednesday at C$2.02.
