Canaccord Genuity Group Reiterates C$2.75 Price Target for Nevada King Gold (CVE:NKG)

Canaccord Genuity Group set a C$2.75 target price on Nevada King Gold (CVE:NKG) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a moderate buy rating on the stock.

Nevada King Gold Stock Down 11.8%

Shares of CVE:NKG opened at C$0.90 on Wednesday. The company’s 50-day moving average price is C$0.83 and its 200 day moving average price is C$0.65. The company has a market cap of C$90.33 million, a PE ratio of -8.18 and a beta of 0.89. Nevada King Gold has a fifty-two week low of C$0.62 and a fifty-two week high of C$1.38.

Nevada King Gold Company Profile

Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021. Nevada King Gold Corp. is based in Vancouver, Canada.