Golden Arrow Resources (OTCMKTS:KNTNF) had its target price upped by Stifel Nicolaus from $6.50 to $10.00 in a report issued on Wednesday morning, The Fly reports. Stifel Nicolaus currently has a buy rating on the stock.
Several other research firms also recently commented on KNTNF. Raymond James lifted their price target on shares of Golden Arrow Resources from $6.00 to $7.00 and gave the stock an outperform rating in a research note on Tuesday, July 28th. Desjardins initiated coverage on shares of Golden Arrow Resources in a research note on Thursday, May 28th. They set a buy rating on the stock. BMO Capital Markets initiated coverage on shares of Golden Arrow Resources in a research note on Friday, July 17th. They set an outperform rating on the stock. Finally, Scotiabank lifted their target price on shares of Golden Arrow Resources from $6.50 to $7.75 and gave the stock an outperform rating in a research note on Tuesday, July 28th. Six research analysts have rated the stock with a buy rating, Golden Arrow Resources presently has a consensus rating of Buy and a consensus price target of $8.30.
KNTNF stock opened at $4.55 on Wednesday. Golden Arrow Resources has a one year low of $1.12 and a one year high of $4.63. The business’s 50 day simple moving average is $3.33.
About Golden Arrow Resources
K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.
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