In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Corvus Gold (KOR). H.C. Wainwright’s analyst Heiko Ihle reiterates their Buy rating on the shares, with a C$3.70 price target.
Ihle commented:
“We believe this figure is a small fraction of its value today, and in our opinion, one of the main reasons for Corvus shares outperforming the vast majority of its peers since then.”
According to TipRanks.com, Ihle has 0 stars on 0-5 star ranking scale with an average return of -10.5% and a 27.4% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Currently, the analyst consensus on Corvus Gold is a Strong Buy with an average price target of C$3.49.
Corvus Gold’s market cap is currently C$257.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 23.78.
Corvus Gold, Inc. mineral exploration company, which engages in the acquisition, exploration, and development of mineral properties. The company was founded on April 13, 2010 and is headquartered in Vancouver, Canada.
The company’s shares closed on Monday at C$2.34.
