Canaccord Genuity Boosts Canadian Zinc Corp. (CZN) Price Target to C$0.35

Canadian Zinc Corp. (TSE:CZN) had its price objective raised by investment analysts at Canaccord Genuity from C$0.30 to C$0.35 in a note issued to investors on Wednesday. Canaccord Genuity’s target price would suggest a potential upside of 79.49% from the stock’s previous close.

Shares of Canadian Zinc Corp. (TSE:CZN) traded up 5.128% on Wednesday, reaching $0.205. 1,538,377 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $0.18 and a 200-day moving average price of $0.19. Canadian Zinc Corp. has a 12-month low of $0.15 and a 12-month high of $0.34. The company’s market cap is $54.55 million.

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About Canadian Zinc Corp.

Canadian Zinc Corporation (Canadian Zinc) is an exploration-stage company. The Company is engaged in the business of exploration and, when warranted, development of natural resource properties. The Company’s principal focus is the development of the Prairie Creek property in the Northwest Territories, Canada and the exploration of base metal properties in Newfoundland and Labrador, Canada.

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