BMO Capital Believes Atlantic Gold (TSXV: AGB) Still Has Room to Grow

By Ryan Adsit

Wall Street analyst has provided a review for the Consumer Goods company yesterday, but retained the same rating on the stock. Analyst Andrew Mikitchook from BMO Capital rated Atlantic Gold (TSXV: AGB) a Buy, setting a C$2.20 price target.

Mikitchook has an average return of 28.6% when recommending Atlantic Gold.

According to TipRanks.com, Mikitchook is ranked #1165 out of 4698 analysts.

Currently, the analyst consensus on Atlantic Gold is Moderate Buy and the average price target is C$2.23, representing a 32.0% upside.

In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$2.25 price target.

Atlantic Gold’s market cap is currently C$298.3M and has a P/E ratio of 0.

Atlantic Gold Corp. engages in the acquisition, exploration, and development of mineral properties. It holds interest in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit.

The company’s shares closed on Thursday at C$1.69, close to its 52-week high of C$1.87.