Doubleview Gold (CVE:DBG) Receives a C$1.39 Price Target from Fundamental Research

Doubleview Gold (CVE:DBG) has received a price target of C$1.39 from analysts at Fundamental Research. This assessment was made in a report released on Wednesday, and the researchers have assigned a "buy" rating to the stock. The new price target suggests a substantial potential upside of approximately 71.60% compared to the stock's recent closing price.

Current Stock Situation

As of midday trading on Wednesday, shares of Doubleview Gold were stable at C$0.81. The trading volume recorded was 32,957 shares, which is notably lower than the average trading volume of 262,789 shares. The company's market capitalization stands at C$174.27 million, with a PE ratio of -110.65, indicating losses, and a beta value of 1.27 that illustrates its stock price variability compared to the market. Over the past year, Doubleview Gold's stock has seen a low of C$0.29 and a high of C$0.89. Additionally, the 50-day simple moving average is C$0.56, and the 200-day simple moving average is C$0.45.

About Doubleview Gold Corp.

Doubleview Gold Corp. is engaged in the acquisition, exploration, and development of mineral resource properties located primarily in British Columbia. The company targets exploration for copper, gold, silver, and zinc deposits. Notably, Doubleview Gold holds 100% interest in the Hat property, which consists of nine mineral claims encompassing an area of about 3,561.43 hectares in northwestern British Columbia. Furthermore, it retains a 90% interest in the Red Spring property, which includes six mineral claims that cover an area of approximately 4,224.34 hectares in the Omineca region of British Columbia.

Investment Considerations

Before making any investment decisions regarding Doubleview Gold, potential investors should be aware of current market research and recommendations. While analysts have given Doubleview Gold a "buy" rating, other top-rated analysts have highlighted five different stocks that they deem more favorable for investment at this time.

In summary, while Doubleview Gold appears to represent a viable investment opportunity based on its new price target and buy rating, market conditions and alternative investment options should also be considered.

Doubleview, Gold, Investment