RBC Capital analyst Wayne Lam maintained a Buy rating on Teranga Gold (OTC:TGCDF) Corporation on Tuesday, setting a price target of C$20, which is approximately 36.65% above the present share price of $11.15.
Lam expects Teranga Gold Corporation to post earnings per share (EPS) of $0.01 for the fourth quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Teranga Gold, with an average price target of $15.78.
The analysts price targets range from a high of $17.14 to a low of $14.66.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $164.18 million and a net profit of $38.9 million. The company's market cap is $1.87 billion.
According to TipRanks.com, RBC Capital analyst Wayne Lam is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 36.1% and a 90.00% 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.