Desjardins Reiterates C$1.00 Price Target for Nevada King Gold (CVE:NKG)

Desjardins set a C$1.00 price objective on Nevada King Gold (CVE:NKG) in a research report released on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Nevada King Gold’s FY2024 earnings at ($0.07) EPS, FY2025 earnings at ($0.03) EPS and FY2026 earnings at ($0.03) EPS.

Nevada King Gold Stock Down 7.4 %

Shares of NKG opened at C$0.32 on Wednesday. Nevada King Gold has a 52-week low of C$0.28 and a 52-week high of C$0.50. The stock has a 50 day moving average price of C$0.38 and a 200 day moving average price of C$0.39. The company has a market capitalization of C$108.20 million, a price-to-earnings ratio of -1.66 and a beta of 1.40.

Nevada King Gold (CVE:NKG) last posted its earnings results on Wednesday, February 28th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01).

About Nevada King Gold

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.