Teranga Gold (TGZ) Receives a Buy from RBC Capital

Teranga Gold (TGZ), the Materials sector company was revisited on January 23, and remains undervalued for at least one analyst on the street. The company received a Buy on January 23 from RBC Capital’s analyst Stephen Walker, with a C$6 price target.

According to TipRanks.com, Walker is a 4-star analyst with an average return of 2.6% and a 44.0% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Novagold Resources Inc New, and Teranga Gold Corporation.

Teranga Gold has an analyst consensus of Strong Buy, with a price target consensus of C$6.17.

Based on Teranga Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$10.28 million. In comparison, last year the company had a net profit of C$7.32 million.

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$3.98.

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