Teranga Gold (TGZ) Hits New 1-Year Low at $4.64

Shares of Teranga Gold Corp (TSE:TGZ) hit a new 52-week low on Thursday . The company traded as low as C$4.64 and last traded at C$4.66, with a volume of 91021 shares. The stock had previously closed at C$4.75.

A number of analysts recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and set a C$8.50 target price on shares of Teranga Gold in a report on Monday, April 23rd. Royal Bank of Canada upped their price target on shares of Teranga Gold from C$4.50 to C$6.50 and gave the company an “outperform” rating in a research report on Wednesday, April 4th. Finally, BMO Capital Markets upped their price target on shares of Teranga Gold from C$4.50 to C$5.50 in a research report on Wednesday, March 28th.

Teranga Gold (TSE:TGZ) last issued its quarterly earnings results on Thursday, May 3rd. The company reported C$0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.01). The firm had revenue of C$109.02 million during the quarter. Teranga Gold had a net margin of 17.96% and a return on equity of 6.64%.

Teranga Gold Company Profile

Teranga Gold Corporation engages in the exploration, development, production, and sale of gold in West Africa. Its projects comprising Sabodala gold mine located in the Republic of Senegal and Wahgnion gold project located in Burkina Faso. The company also develops and explores various projects in Burkina Faso, C么te d'Ivoire, and Senegal.

Analysts Set Lincoln National Co. (LNC) Price Target at $82.25

Lincoln National Co. (NYSE:LNC) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $81.15.

A number of analysts have recently weighed in on LNC shares. ValuEngine downgraded shares of Lincoln National from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Wells Fargo & Co set a $76.00 target price on shares of Lincoln National and gave the stock a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Lincoln National from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Wednesday, July 4th. Deutsche Bank reduced their target price on shares of Lincoln National from $96.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. Finally, Credit Suisse Group started coverage on shares of Lincoln National in a research report on Wednesday, April 25th. They issued a “neutral” rating and a $74.00 target price on the stock.

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Shares of NYSE:LNC traded up $1.99 during midday trading on Wednesday, reaching $65.35. The company’s stock had a trading volume of 2,244,700 shares, compared to its average volume of 1,609,015. The company has a market capitalization of $13.86 billion, a PE ratio of 8.39 and a beta of 1.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.11 and a quick ratio of 0.11. Lincoln National has a 12-month low of $61.18 and a 12-month high of $86.68.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, May 2nd. The financial services provider reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.03. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.80 billion. Lincoln National had a net margin of 13.90% and a return on equity of 10.69%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. equities analysts anticipate that Lincoln National will post 8.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Tuesday, July 10th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, July 9th. Lincoln National’s dividend payout ratio (DPR) is 16.94%.

In other news, Director Deirdre P. Connelly acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The shares were bought at an average cost of $67.09 per share, with a total value of $67,090.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $67,090. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.12% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LNC. Amalgamated Bank grew its position in Lincoln National by 8.5% during the 4th quarter. Amalgamated Bank now owns 27,518 shares of the financial services provider’s stock valued at $2,115,000 after purchasing an additional 2,145 shares during the last quarter. Burney Co. bought a new position in Lincoln National during the 4th quarter valued at about $209,000. Lombard Odier Asset Management Switzerland SA lifted its stake in Lincoln National by 2.9% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 24,219 shares of the financial services provider’s stock valued at $1,862,000 after acquiring an additional 674 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in Lincoln National by 17.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,213,557 shares of the financial services provider’s stock valued at $93,286,000 after acquiring an additional 183,500 shares during the period. Finally, MML Investors Services LLC lifted its stake in Lincoln National by 118.3% during the 4th quarter. MML Investors Services LLC now owns 8,552 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 4,634 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The company sells a range of wealth protection, accumulation, and retirement income products and solutions.

David Einhorn's Greenlight Drops 15% In 1st Half 2018

&l;p&g;David Einhorn&l;span&g;&a;nbsp;&l;/span&g;ended June down 5.8% as some of his largest holdings slumped.

&l;img class=&q;dam-image bloomberg size-large wp-image-40770029&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/40770029/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; David Einhorn, president of Greenlight Capital Inc., has battled against a market where his style of value investing has underperformed. Photographer: Christopher Goodney/Bloomberg

The June decline pushed the Greenlight Capital founder&a;rsquo;s portfolio to a 15.2% loss year to date, the lowest since his worst-ever year in 2015 when he saw returns dip 20.2%. Einhorn returned 1.5% in 2017 and 7.2% in 2016.

Greenlight has a portfolio of only 35 positions valued around $3.99 billion, not including short positions. One of the biggest weights on his returns is what he has called a &a;ldquo;bubble basket&a;rdquo; of short sales in high-flying tech stocks including Amazon, Netflix&a;nbsp;and Tesla.

The stocks are proving problematic once again for Einhorn this year as some rank among the best performers of the S&a;amp;P 500. Netflix has rocketed 107.4% year to date with the second-highest return of the index. Amazon has the 11th loftiest at 46.5%.

With the stocks trading at precariously lofty valuations, Einhorn&a;rsquo;s fortunes could turn around at some disturbance. Their price-earnings ratios are 262.1 for Netflix, the highest in the S&a;amp;P 500, and 213.1 for Amazon, the third highest.

Tesla has been friendlier to his short thesis, declining 3%. A short in Caterpillar, down 15%, also offered some mitigation.

Einhorn, one of the most respected figures in the industry, rose to fame by shorting the defunct Lehman Brothers during the financial crisis and has built a strong record spotting undervalued equities.

While he has not reported his second-quarter portfolio, he listed his largest positions as of June 30 in his returns report: Bayer, Brighthouse Financial, CNX Resources, General Motors, gold and Mylan. The following share figures were accurate as of the first quarter.

&l;strong&g;No. 1: Bayer AG&l;/strong&g;

Bayer shares have declined 7% year to date.

Bayer AG has a market cap of $82.26 billion; its shares were traded around 94.92 euros with a P/E ratio of 11.41 and P/S ratio of 2.17. The trailing 12-month dividend yield of Bayer AG stock is 2.90%. The forward dividend yield of Bayer AG is 2.90%. Bayer AG had an annual average earnings growth of 4.50% over the past 10 years. GuruFocus rated Bayer AG&l;span&g;&a;nbsp;&l;/span&g;the business predictability rank of 3-star.

&l;strong&g;No. 2: Brighthouse Financial Inc. at 11.04 million shares&l;/strong&g;

Shares of Brighthouse have declined 30% year to date.

Brighthouse Financial Inc. has a market cap of $4.86 billion; its shares were traded around $40.60 with and P/S ratio of 0.64.

&l;strong&g;No. 3: CNX Resources at 6,552,162 shares&l;/strong&g;

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Shares of CNX Resources have risen 16% year to date.

CNX Resources Corp. has a market cap of $3.82 billion; its shares were traded around $17.51 with a P/E ratio of 4.20 and P/S ratio of 4.22.

&l;strong&g;No. 4: General Motors Co. at 22,614,400 shares&l;/strong&g;

Shares of General Motors have declined 7% year to date.

&a;nbsp;

General Motors Co has a market cap of $54.93 billion; its shares were traded around $38.97 with a P/S ratio of 0.40. The trailing 12-month dividend yield of General Motors Co. is 3.91%. The forward dividend yield of General Motors Co. is 3.85%. General Motors Co. had an annual average earnings growth of 20.1% over the past five years.

&l;strong&g;No. 5: Gold&l;/strong&g;

The SPDR Gold Trust (GLD) has declined 5% year to date.

&a;nbsp;

&l;strong&g;No. 6: Mylan NV at 7,652,000 shares&l;/strong&g;

Shares of Mylan have declined 17% year to date.

&a;nbsp;

Mylan NV has a market cap of $18.54 billion; its shares were traded around $35.96 with a P/E ratio of 26.85 and P/S ratio of 1.60. Mylan NV had an annual average earnings growth of 7.3% over the past 10 years. GuruFocus rated Mylan NV&l;span&g;&a;nbsp;&l;/span&g;&l;a href=&q;http://www.gurufocus.com/predictable.php&q; target=&q;_blank&q;&g;the business predictability rank of 2.5-star&l;/a&g;.

This article first appeared &l;a href=&q;https://www.gurufocus.com/news/703693/david-einhorns-greenlight-drops-15-in-1st-half-2018&q; target=&q;_blank&q;&g;HERE&l;/a&g;.&l;/p&g;