Canaccord Genuity Increases Golden Arrow Resources (OTCMKTS:KNTNF) Price Target to $8.75

Golden Arrow Resources (OTCMKTS:KNTNF) had its price objective boosted by Canaccord Genuity from $6.75 to $8.75 in a research note published on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.

KNTNF has been the subject of a number of other reports. Scotiabank upped their target price on Golden Arrow Resources from $6.50 to $7.75 and gave the company an outperform rating in a research report on Tuesday, July 28th. Desjardins assumed coverage on Golden Arrow Resources in a research report on Thursday, May 28th. They issued a buy rating for the company. Raymond James upped their target price on Golden Arrow Resources from $6.00 to $7.00 and gave the company an outperform rating in a research report on Tuesday, July 28th. BMO Capital Markets assumed coverage on Golden Arrow Resources in a research report on Friday, July 17th. They issued an outperform rating for the company. Finally, Stifel Nicolaus upped their target price on Golden Arrow Resources from $6.50 to $10.00 and gave the company a buy rating in a research report on Wednesday. Six analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average target price of $8.30.

Shares of OTCMKTS KNTNF opened at $4.55 on Wednesday. Golden Arrow Resources has a 52-week low of $1.12 and a 52-week high of $4.63. The firm has a 50-day moving average price of $3.33.

Golden Arrow Resources Company Profile

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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