K2 Gold (CVE:KTO) Stock Price Up 1.4% – Should You Buy?

K2 Gold Co. (CVE:KTO) was up 1.4% during trading on Tuesday . The company traded as high as C$0.75 and last traded at C$0.74. Approximately 192,612 shares traded hands during trading, a decline of 34% from the average session volume of 293,857 shares. The stock had previously closed at C$0.73.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets set a C$2.25 target price on K2 Gold and gave the stock a “speculative buy” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$2.25.

K2 Gold Stock Performance

The business’s 50 day moving average is C$0.76 and its 200-day moving average is C$0.76. The firm has a market capitalization of C$179.26 million, a price-to-earnings ratio of -18.50 and a beta of 1.47.

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.