Golden Arrow Resources (OTCMKTS:KNTNF) Given New $8.00 Price Target at BMO Capital Markets

Golden Arrow Resources (OTCMKTS:KNTNF) had its price objective upped by BMO Capital Markets from $6.00 to $8.00 in a research note released on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Canaccord Genuity increased their price target on shares of Golden Arrow Resources from $6.75 to $8.75 and gave the company a buy rating in a research note on Wednesday. Raymond James raised their price objective on shares of Golden Arrow Resources from $6.00 to $7.00 and gave the company an outperform rating in a research note on Tuesday, July 28th. Scotiabank raised their price objective on shares of Golden Arrow Resources from $6.50 to $7.75 and gave the company an outperform rating in a research note on Tuesday, July 28th. Desjardins began coverage on shares of Golden Arrow Resources in a research note on Thursday, May 28th. They issued a buy rating on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Golden Arrow Resources from $6.50 to $10.00 and gave the company a buy rating in a research note on Wednesday. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of $8.30.

KNTNF opened at $4.55 on Wednesday. Golden Arrow Resources has a one year low of $1.12 and a one year high of $4.63. The firm’s 50 day moving average is $3.33.

About Golden Arrow Resources

K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.

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Analyst Recommendations for Golden Arrow Resources (OTCMKTS:KNTNF)

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