Canaccord Genuity Thinks Canadian Zinc’s Stock is Going to Recover

Canadian Zinc (TSX: CZN), the Conglomerates sector company, was revisited by a Wall Street analyst on August 10. Analyst Eric Zaunscherb from Canaccord Genuity rated Canadian Zinc (TSX: CZN) a Buy on on August 10, setting a C$0.30 price target.

According to TipRanks.com, Zaunscherb is ranked #50 out of 4628 analysts.

Canadian Zinc has an analyst consensus of Moderate Buy, with a price target consensus of C$0.30.

Based on Canadian Zinc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$0 and GAAP net loss of C$3.24 million. In comparison, last year the company earned revenue of C$0 and had a GAAP net loss of C$866K.

Canadian Zinc Corp. is a junior exploration and development company. It provides silver, zinc, and lead metal exploration services. The firm holds interest in Prairie Creek mine property located in Northwest Territories of Canada and South Tally Pond. The company was founded on December 16, 1965 and is headquartered in Vancouver, Canada.

The company’s shares closed on Friday at C$0.17, close to its 52-week high of C$0.37.

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