Bank of America Increases Canadian Gold (CVE:CGC) Price Target to C$0.66

Canadian Gold (CVE:CGC) had its target price increased by equities research analysts at Bank of America from C$0.56 to C$0.66 in a report issued on Friday, FlyOnTheWall reports. Bank of America‘s price objective suggests a potential upside of 238.46% from the company’s previous close.

Separately, CIBC decreased their target price on shares of Canadian Gold from C$1.75 to C$0.50 in a research report on Monday, June 12th.

Canadian Gold Price Performance

Shares of Canadian Gold stock opened at C$0.20 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.49 and a current ratio of 3.90. The firm’s 50-day simple moving average is C$0.24 and its 200-day simple moving average is C$1.07. Canadian Gold has a twelve month low of C$0.03 and a twelve month high of C$0.35. The firm has a market cap of C$31.10 million, a P/E ratio of -19.50 and a beta of 1.91.

Canadian Gold Company Profile

Canadian Gold Corp. engages in the exploration and development of mineral properties in Canada. Its principal project is the Tartan Lake gold mine project that consists of 20 mineral claims covering an area of approximately 2,670 hectares located northeast of the town of Flin Flon, Manitoba, Canada. The company was formerly known as Satori Resources Inc and changed its name to Canadian Gold Corp.