Greatland Gold (LON:GGP) Hits New 52-Week High – What’s Next?

Shares of Greatland Gold plc (LON:GGP) hit a new 52-week high on Monday . The stock traded as high as GBX 598.40 and last traded at GBX 594.33, with a volume of 743844 shares changing hands. The stock had previously closed at GBX 545.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GGP shares. Citigroup raised their price objective on shares of Greatland Gold from GBX 595 to GBX 675 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group restated a “buy” rating and set a GBX 635 price target on shares of Greatland Gold in a report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 516.67.

Greatland Gold Price Performance

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 has a market cap of £4.03 billion, a price-to-earnings ratio of 4.51 and a beta of 0.73. The stock’s 50-day simple moving average is GBX 438.42 and its 200 day simple moving average is GBX 361.74.

About Greatland Gold

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