Corvus Gold (KOR), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Heiko Ihle from H.C. Wainwright rated Corvus Gold (KOR) a Buy, setting a C$5.10 price target.
Ihle observed:
“We believe that these results from eight holes, targeting the eastern, western, and below pit bottom resource at the Mother Lode deposit, exhibit strong potential for expansion in all targeted directions. Additionally, some of the holes terminated in mineralization and displayed a thickening oxide zone at depth yielding further potential for the site. In particular, we highlight hole ML18-090, which returned 38.1 meters at 2.58 grams per tonne (gpt) gold below and east of the old pit bottom. Spatially, this hole indicates an extension of mineralization to the east of the initial resource. Further support of mineralization is seen approximately 150 meters east and below the old pit as hole ML18-099 returned a substantial intersection of 41.2 meters at 1.02 gpt gold. We note that the firm intends to further test this zone with additional grid drilling later in 1H19.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.2% and a 40.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Corvus Gold with a C$5.10 average price target.
The company has a one-year high of C$3.39 and a one-year low of C$1.41. Currently, Corvus Gold has an average volume of 114K.
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 Thursday at C$2.08.
