Greatland Gold (LON:GGP) Hits New 12-Month High – What’s Next?

Greatland Gold plc (LON:GGP)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 645 and last traded at GBX 635.89, with a volume of 2884524 shares changing hands. The stock had previously closed at GBX 613.58.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GGP. Citigroup lifted their price target on Greatland Gold from GBX 595 to GBX 675 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Canaccord Genuity Group restated a “buy” rating and set a GBX 635 target price on shares of Greatland Gold in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Greatland Gold presently has a consensus rating of “Moderate Buy” and an average target price of GBX 516.67.

Greatland Gold Price Performance

The company has a market capitalization of £4.28 billion, a price-to-earnings ratio of 4.80 and a beta of 0.73. The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07. The company’s 50 day simple moving average is GBX 464.50 and its 200-day simple moving average is GBX 371.67.

About Greatland Gold

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