Teranga Gold (TSE:TGZ) Sets New 52-Week High at $5.65

Teranga Gold Corp (TSE:TGZ) hit a new 52-week high on Monday . The company traded as high as C$5.65 and last traded at C$5.61, with a volume of 289788 shares trading hands. The stock had previously closed at C$5.39.

TGZ has been the subject of a number of research reports. Eight Capital set a C$10.00 price objective on Teranga Gold and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity reiterated a “buy” rating and issued a C$7.00 price objective on shares of Teranga Gold in a research note on Tuesday, July 23rd.

The company has a debt-to-equity ratio of 24.71, a quick ratio of 0.36 and a current ratio of 0.79. The firm has a 50 day moving average of C$4.64. The company has a market cap of $603.56 million and a price-to-earnings ratio of -41.92.

About Teranga Gold (TSE:TGZ)

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, as well as 100% owned Golden Hill project, which include 3 exploration permits covering an area of approximately 468 square kilometers located in southwestern Burkina Faso on the Houndé belt.

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