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

Greatland Gold plc (LON:GGP)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 716.65 and last traded at GBX 710.20, with a volume of 2009298 shares changing hands. The stock had previously closed at GBX 657.33.

Analyst Ratings Changes

GGP has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 635 target price on shares of Greatland Gold in a research note on Tuesday, October 7th. Citigroup boosted their price objective on Greatland Gold from GBX 595 to GBX 675 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 516.67.

Greatland Gold Stock Up 7.2%

The company has a debt-to-equity ratio of 102.07, a quick ratio of 2.36 and a current ratio of 1.33. The company has a market cap of £4.74 billion, a P/E ratio of 5.31 and a beta of 0.73. The firm’s 50 day moving average price is GBX 490.62 and its two-hundred day moving average price is GBX 383.63.

About Greatland Gold

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