Teranga Gold Corp. (TGZ), which mines in West Africa, may be a takeover target for other companies in the region, Goldman Sachs & Partners Australia Pty said.
Toronto-based Teranga “appears undervalued and could be considered attractive by other companies operating in the West Africa region,” Goldman analysts led by Ian Preston said yesterday in a report. Perth-based Perseus Mining Ltd. (PRU), which also has assets in West Africa, is “well-placed to acquire additional production using” shares, the report said.
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