In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, GoldQuest Mining (GQC). Haywood’s analyst Pierre Vaillancourt expressed some doubt today about the stock, as it was downgraded to Sell , with a C$0.08 price target.
According to TipRanks.com, Vaillancourt is ranked #1258 out of 5117 analysts.
GoldQuest Mining has an analyst consensus of Moderate Sell, with a price target consensus of C$0.08.
Based on GoldQuest Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$982.3K. In comparison, last year the company had a GAAP net loss of C$2.06 million.
GoldQuest Mining Corp. engages in the exploration and development of mineral properties in Dominican Republic. It focuses on its portfolio of gold-copper projects located within the Tireo formation in the western portion of the Dominican Republic. The company was founded by David Jonathan Hall on July 12, 1989 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$0.13, close to its 52-week low of C$0.09.
