Golden Queen Mining Co. (GQM) Price Target Cut to C$1.50 by Analysts at HC Wainwright

Golden Queen Mining Co. (TSE:GQM) had its price objective decreased by equities research analysts at HC Wainwright from C$2.00 to C$1.50 in a research report issued on Tuesday. HC Wainwright’s price target points to a potential upside of 316.67% from the stock’s previous close.

Golden Queen Mining (TSE GQM) traded down 5.56% on Tuesday, reaching $0.34. The company had a trading volume of 385,222 shares. The stock’s 50-day moving average is $0.55 and its 200-day moving average is $0.69. Golden Queen Mining has a 52 week low of $0.29 and a 52 week high of $1.15. The company has a market capitalization of $37.79 million and a P/E ratio of 17.89.

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About Golden Queen Mining

Golden Queen Mining Co, Ltd. is engaged in the development of the Soledad Mountain Project (the Project), located in the Mojave Mining District, Kern County, California. The Company incorporated Golden Queen Mining Canada Ltd. (GQM Canada), a British Columbia subsidiary, to hold the Company’s interest in Golden Queen Mining Holdings, Inc (GQM Holdings).

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