HC Wainwright Trims Golden Queen Mining Co. (GQM) Target Price to C$1.50

Golden Queen Mining Co. (TSE:GQM) had its price objective decreased by investment analysts at HC Wainwright from C$2.00 to C$1.50 in a research note issued to investors on Tuesday, October 17th. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 417.24% from the company’s current price.

Golden Queen Mining (TSE GQM) opened at 0.29 on Tuesday. Golden Queen Mining has a 52-week low of $0.28 and a 52-week high of $1.15. The company has a 50-day moving average of $0.49 and a 200 day moving average of $0.66. The company has a market cap of $32.23 million and a PE ratio of 15.26.

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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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