Research analysts at Fundamental Research initiated coverage on shares of Kerr Mines (TSE:KER) in a research report issued to clients and investors on Thursday, November 30th. The brokerage set a “buy” rating and a C$0.69 price target on the stock. Fundamental Research’s price target points to a potential upside of 137.93% from the stock’s previous close.

The analysts wrote, “Fundamental Research Corp has issued a report entitled “Kerr Mines Inc. (TSX: KER / OTC: KERMF / FRA: 7AZ1) – Initiating Coverage: High Grade Historic Gold Producer in Arizona ” and dated November 30, 2017. The full report is now at www.researchfrc.com.”

Kerr Mines (KER) traded down C$0.01 during mid-day trading on Thursday, hitting C$0.29. The company had a trading volume of 284,614 shares, compared to its average volume of 217,621. Kerr Mines has a 52-week low of C$0.10 and a 52-week high of C$0.41.

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About Kerr Mines

Kerr Mines Inc is a gold development and exploration company. The Company is engaged in exploration, evaluation and development of mineral resource properties in North America. Its segments include Canada and United States. The Company focuses on gold production in its Copperstone property in the United States.

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