Teranga Gold Corp (TGZ) to Post FY2018 Earnings of $0.29 Per Share, Cormark Forecasts

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Teranga Gold Corp (TSE:TGZ) – Cormark upped their FY2018 EPS estimates for shares of Teranga Gold in a research note issued to investors on Wednesday, January 9th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.29 for the year, up from their previous estimate of $0.24. Cormark also issued estimates for Teranga Gold’s Q4 2018 earnings at $0.07 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.24 EPS.

TGZ has been the subject of a number of other research reports. BMO Capital Markets restated an “average” rating and issued a C$4.50 price objective on shares of Teranga Gold in a research report on Monday, December 17th. Canaccord Genuity lowered their price objective on shares of Teranga Gold from C$7.50 to C$7.00 in a research report on Thursday, October 18th.

TGZ opened at C$3.88 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.01 and a debt-to-equity ratio of 12.20. Teranga Gold has a 12 month low of C$3.06 and a 12 month high of C$5.63.

Teranga Gold (TSE:TGZ) last released its quarterly earnings data on Thursday, November 1st. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.03). The company had revenue of C$83.90 million for the quarter.

About Teranga Gold

Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso. The company also develops and explores various projects in Burkina Faso, Côte d'Ivoire, and Senegal.

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Earnings History and Estimates for Teranga Gold (TSE:TGZ)

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