Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Teranga Gold (OTC:TGCDF) Corporation on Tuesday, setting a price target of C$17.5, which is approximately 67.06% above the present share price of $10.48.
MacRury expects Teranga Gold Corporation to post earnings per share (EPS) of $0.13 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Teranga Gold, with an average price target of $11.87.
The analysts price targets range from a high of $13.32 to a low of $9.62.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $134.11 million and a net profit of $26.68 million. The company's market cap is $1.76 billion.
According to TipRanks.com, Canaccord Genuity analyst Carey MacRury is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.1% and a 80.60% success rate.
Teranga Gold Corp. is an exploration company. The firm engages in the production, exploration and 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.