Is Buying CONTINENTAL GOLD INC Here a Winning Strategy?

 Is Buying CONTINENTAL GOLD INC Here a Winning Strategy?

The stock of CONTINENTAL GOLD INC (TSE:CNL) is a huge mover today! About 29,000 shares traded hands. CONTINENTAL GOLD INC (TSE:CNL) has risen 51.87% since April 20, 2016 and is uptrending. It has outperformed by 46.46% the S&P500.
The move comes after 8 months positive chart setup for the $518.36M company. It was reported on Nov, 24 by Barchart.com. We have $4.00 PT which if reached, will make TSE:CNL worth $41.47 million more.

CONTINENTAL GOLD INC (TSE:CNL) Ratings Coverage

Out of 2 analysts covering Continental Gold Limited (TSE:CNL), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $6 is the highest target while $3.40 is the lowest. The $4.75 average target is 28.38% above today’s ($3.7) stock price. Continental Gold Limited has been the topic of 10 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of CONTINENTAL GOLD INC (TSE:CNL) has “Sector Perform” rating given on Wednesday, June 29 by Scotia Capital. Dundee Securities reinitiated the shares of CNL in a report on Thursday, February 4 with “Buy” rating. The firm has “” rating given on Thursday, August 18 by Dundee Securities.

More recent CONTINENTAL GOLD INC (TSE:CNL) news were published by: Marketwatch.com which released: “Continental Gold Extracts High-Grade Gold by Mechanized Long-Hole Mining at …” on February 04, 2016. Also Seekingalpha.com published the news titled: “What To Expect From Continental Gold In 2016” on December 03, 2015. Seekingalpha.com‘s news article titled: “Continental Gold: A Treasure Hidden In The Colombian Jungle” with publication date: October 13, 2015 was also an interesting one.

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