Greatland Gold (LON:GGP – Get Rating)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a GBX 25 ($0.32) price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 87.13% from the company’s current price.
Separately, Berenberg Bank raised their target price on shares of Greatland Gold from GBX 24 ($0.31) to GBX 26 ($0.33) and gave the stock a “buy” rating in a research report on Tuesday, April 5th.
Shares of LON GGP opened at GBX 13.36 ($0.17) on Tuesday. The business has a 50-day moving average price of GBX 13.87 and a 200 day moving average price of GBX 14.87. The stock has a market cap of £541.42 million and a PE ratio of -67.20. The company has a quick ratio of 11.58, a current ratio of 11.76 and a debt-to-equity ratio of 167.21. Greatland Gold has a 52-week low of GBX 12 ($0.15) and a 52-week high of GBX 25 ($0.32).
Greatland Gold plc engages in the exploration and development of natural resources in the United Kingdom and Australia. It explores for gold, copper, cobalt, and nickel deposits. The company holds 100% interest in the Ernest Giles project, Panorama project, and Bromus project located in Western Australia.
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