Atlantic Gold (AGB) Hits New 52-Week High at $2.89

Shares of Atlantic Gold Corp (CVE:AGB) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$2.89 and last traded at C$2.88, with a volume of 9708078 shares trading hands. The stock had previously closed at C$2.09.

Several brokerages have issued reports on AGB. Desjardins lowered their target price on Atlantic Gold from C$2.80 to C$2.60 in a research note on Tuesday. Canaccord Genuity decreased their target price on Atlantic Gold from C$3.00 to C$2.75 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. BMO Capital Markets set a C$2.75 target price on Atlantic Gold and gave the stock an “outperform” rating in a research note on Wednesday, March 27th. National Bank Financial upped their target price on Atlantic Gold from C$2.75 to C$3.00 in a research note on Tuesday, March 26th. Finally, Pi Financial upped their target price on Atlantic Gold from C$2.75 to C$2.85 in a research note on Monday, March 25th. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$2.78.

The company has a market capitalization of $476.01 million and a price-to-earnings ratio of 23.92. The company has a quick ratio of 2.20, a current ratio of 2.86 and a debt-to-equity ratio of 75.29.

Atlantic Gold (CVE:AGB) last announced its earnings results on Tuesday, March 5th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). The business had revenue of C$37.64 million during the quarter. Equities analysts forecast that Atlantic Gold Corp will post 0.13000000062201 EPS for the current year.

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About Atlantic Gold (CVE:AGB)

Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. It holds 63.2% effective ownership interests in the Touquoy gold project covering approximately 1,760 hectares; and 100% interest in the Beaver Dam gold, Cochrane Hill, and Fifteen Mile Stream projects located in Nova Scotia.

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