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Canaccord Genuity hoisted their price target on shares of Golden Queen Mining (TSE:GQM) from C$1.10 to C$1.60 in a research note issued on Monday, AR Network reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 19.40% from the stock’s previous close.

Shares of Golden Queen Mining (TSE:GQM) remained flat at $1.34 during during mid-day trading trading on Monday. The stock had a trading volume of 53,300 shares. Golden Queen Mining has a 52 week low of $0.62 and a 52 week high of $2.38. The stock’s 50-day moving average is $0.86 and its 200-day moving average is $1.12. The company’s market cap is $132.8 million.

Golden Queen Mining Co Ltd. (TSE:GQM) is engaged in exploring its mineral properties (the Property) located just south of Mojave in Kern County in southern California.

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