Atlantic Gold (AGB) Received its Third Buy in a Row


Analysts seem to be feeling optimistic about Atlantic Gold (AGB) lately, with another positive rating update this time from Raymond James. Raymond James’ analyst Tara Hassan reiterates their Buy rating on the shares today.

According to TipRanks.com, Hassan is ranked #3842 out of 5122 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atlantic Gold with a C$2.85 average price target.

Based on Atlantic Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$7.97 million. In comparison, last year the company had a GAAP net loss of C$1.15 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$1.59.