K2 Gold (CVE:KTO) Given a C$2.25 Price Target by ATB Cormark Capital Markets Analysts

ATB Cormark Capital Markets set a C$2.25 price target on K2 Gold (CVE:KTO) in a report released on Monday,BayStreet.CA reports. The brokerage currently has a speculative buy rating on the stock.

K2 Gold Stock Down 2.4%

Shares of K2 Gold stock opened at C$0.81 on Monday. The firm has a market cap of C$189.82 million, a price-to-earnings ratio of -81.00 and a beta of 1.06. K2 Gold has a 52-week low of C$0.22 and a 52-week high of C$0.90. The company’s 50-day simple moving average is C$0.77 and its 200-day simple moving average is C$0.66.

K2 Gold Company Profile

K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. It also explores for silver metal. The company's flagship property is the Mojave Gold project that covers an area of approximately 5,780 hectares located in California. The company was formerly known as West Melville Metals Inc and changed its name to K2 Gold Corporation in November 2016. K2 Gold Corporation was incorporated in 2011 and is headquartered in Vancouver, Canada.