Atlantic Gold (AGB) Price Target Cut to C$2.50
Atlantic Gold (CVE:AGB) had its target price reduced by equities research analysts at Pi Financial from C$2.60 to C$2.50 in a research report issued to clients and investors on Friday. Pi Financial’s price target points to a potential upside of 44.51% from the company’s current price.
Several other research analysts also recently commented on the company. Desjardins lifted their price objective on Atlantic Gold from C$2.60 to C$2.75 in a report on Thursday, July 5th. BMO Capital Markets lifted their price objective on Atlantic Gold from C$2.40 to C$2.75 and gave the stock an “outperform” rating in a report on Friday, May 25th.
Shares of AGB stock opened at C$1.73 on Friday. Atlantic Gold has a 12-month low of C$1.30 and a 12-month high of C$1.99.
In related news, insider Ryan K. Beedie acquired 110,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were purchased at an average price of C$1.60 per share, for a total transaction of C$176,000.00. Also, insider Ryan K. Beedie acquired 292,900 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was bought at an average price of C$1.71 per share, for a total transaction of C$500,859.00.
About Atlantic Gold
Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. Its Touquoy Gold Project covers an area of approximately 1,760 hectares located in Nova Scotia; and holds 100% interest the in Beaver Dam Gold Project. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.
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