Golden Queen Mining Stock Rating Lowered by M Partners (GQM)
Golden Queen Mining (TSE:GQM) was downgraded by investment analysts at M Partners from a “buy” rating to a “hold” rating in a report issued on Wednesday. They currently have a C$1.70 price target on the stock. M Partners’ price target would indicate a potential upside of 9.68% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Golden Queen Mining to C$1.55 in a research note on Tuesday. Finally, analysts at HC Wainwright initiated coverage on shares of Golden Queen Mining in a research note on Monday, April 7th. They set a “buy” rating on the stock.
Golden Queen Mining (TSE:GQM) traded up 2.58% on Wednesday, hitting $1.59. The stock had a trading volume of 20,056 shares. Golden Queen Mining has a 52-week low of $0.62 and a 52-week high of $1.99. The stock has a 50-day moving average of $1.68 and a 200-day moving average of $1.42. The company’s market cap is $158.3 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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