Greatland Gold (LON:GGP) Sets New 52-Week High – Should You Buy?

Greatland Gold plc (LON:GGP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 540 and last traded at GBX 516.30, with a volume of 8911024 shares. The stock had previously closed at GBX 507.40.

Wall Street Analyst Weigh In

GGP has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Greatland Gold from GBX 440 to GBX 513 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and issued a GBX 635 price target on shares of Greatland Gold in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 462.67.

Greatland Gold Trading Up 0.6%

The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07. The company’s 50-day moving average price is GBX 402.01 and its 200-day moving average price is GBX 344.98. The firm has a market cap of £3.46 billion, a price-to-earnings ratio of 3.89 and a beta of 0.73.

About Greatland Gold

Greatland Gold plc is a mining development and exploration company with a focus on precious and base metals.