In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Teranga Gold (TGZ). Yesterday, analyst Carey MacRury gave a Buy rating to TGZ and set a C$8 price target.
According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.3% and a 40.2% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Currently, the analyst consensus on Teranga Gold is a Moderate Buy with an average price target of C$5.75.
Teranga Gold’s market cap is currently C$411M and has a P/E ratio of 11.2. The company has a Price to Book ratio of 0.53.
Teranga Gold Corp. engages in the production, exploration, development of mineral properties. It focuses on gold assets of Sabodala Mine. The company was founded on October 1, 2010 and is headquartered in Toronto, Canada.
The company’s shares closed on Monday at C$3.82.
