Atlantic Gold Corp Expected to Post Q4 2019 Earnings of $0.06 Per Share (AGB)

Atlantic Gold Corp (CVE:AGB) – Stock analysts at Beacon Securities raised their Q4 2019 earnings per share estimates for Atlantic Gold in a report released on Tuesday, May 14th. Beacon Securities analyst M. Curran now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their previous forecast of $0.03.

Several other analysts have also weighed in on AGB. BMO Capital Markets reduced their price objective on Atlantic Gold from C$2.75 to C$2.50 in a research note on Wednesday. Pi Financial raised their price objective on Atlantic Gold from C$2.75 to C$2.85 in a research note on Monday, March 25th. Raymond James set a C$2.50 price objective on Atlantic Gold and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Desjardins reduced their price objective on Atlantic Gold from C$2.80 to C$2.60 in a research note on Tuesday. Finally, National Bank Financial raised their price objective on Atlantic Gold from C$2.75 to C$3.00 in a research note on Tuesday, March 26th. Five equities research analysts have rated the stock with a buy rating, Atlantic Gold presently has a consensus rating of “Buy” and a consensus price target of C$2.74.

Shares of CVE AGB opened at C$2.88 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.20 and a debt-to-equity ratio of 75.29. Atlantic Gold has a 52 week low of C$1.40 and a 52 week high of C$2.89. The firm has a market capitalization of $476.01 million and a P/E ratio of 24.00.

Atlantic Gold (CVE:AGB) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.03 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.01). The company had revenue of C$37.64 million during the quarter.

About Atlantic Gold

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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Earnings History and Estimates for Atlantic Gold (CVE:AGB)

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