Continental Gold Inc (TSE:CNL) – Equities research analysts at Clarus Securities upped their FY2017 earnings per share estimates for Continental Gold in a report issued on Wednesday. Clarus Securities analyst J. Spratt now forecasts that the brokerage will earn ($0.11) per share for the year, up from their prior estimate of ($0.12). Clarus Securities also issued estimates for Continental Gold’s FY2018 earnings at ($0.16) EPS, FY2019 earnings at ($0.11) EPS and FY2020 earnings at $1.35 EPS.

A number of other research analysts have also recently issued reports on CNL. CIBC raised their price objective on Continental Gold from C$4.50 to C$5.00 in a research note on Thursday, December 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Continental Gold in a research note on Thursday, December 1st. TD Securities raised their price objective on Continental Gold from C$6.00 to C$6.50 and gave the company a “speculative buy” rating in a research note on Thursday, December 1st. Scotiabank reaffirmed a “sector perform” rating and set a C$4.50 price objective on shares of Continental Gold in a research note on Thursday, December 1st. Finally, BMO Capital Markets raised their price objective on Continental Gold from C$6.00 to C$6.50 in a research note on Thursday, December 15th.

Earnings History and Estimates for Continental Gold (TSE:CNL)

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Shares of Continental Gold (TSE:CNL) traded up 0.23% during mid-day trading on Friday, reaching $4.42. The company had a trading volume of 288,720 shares. Continental Gold has a 12-month low of $1.28 and a 12-month high of $4.73. The firm has a 50-day moving average of $3.96 and a 200-day moving average of $3.78. The company’s market capitalization is $626.00 million.

COPYRIGHT VIOLATION NOTICE: “FY2017 Earnings Forecast for Continental Gold Inc (CNL) Issued By Clarus Securities” was originally posted by Daily Political and is the propert of of Daily Political. If you are reading this story on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The correct version of this story can be read at http://www.dailypolitical.com/2017/01/13/fy2017-earnings-forecast-for-continental-gold-inc-cnl-issued-by-clarus-securities.html.

About Continental Gold

Continental Gold Limited is an exploration-stage company. The Company is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in Colombia. The Company holds the rights to explore and develop six properties in Colombia totaling approximately 122,317 hectares.

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