NxGold (NXN) PT Set at C$0.31 by Fundamental Research

NxGold (CVE:NXN) received a C$0.31 price objective from equities research analysts at Fundamental Research in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price target points to a potential upside of 138.46% from the stock’s current price.

Shares of CVE NXN opened at C$0.13 on Wednesday. NxGold has a 12-month low of C$0.11 and a 12-month high of C$0.40.

NxGold Company Profile

NxGold Ltd. engages in acquiring and exploring mineral properties, primarily gold in Canada. Its early-stage exploration projects include the right to acquire 70% undivided interest in the Kuulu property located in the Kavilliq region of Nunavut; and an option agreement to earn up to a 100% interest in the Chicobi property located approximately 30 km northeast of Amos, Quebec.

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