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

Greatland Gold plc (LON:GGP)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 720 and last traded at GBX 712, with a volume of 6217754 shares trading hands. The stock had previously closed at GBX 651.54.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup upped 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, January 8th. Royal Bank Of Canada boosted their target price on shares of Greatland Gold from GBX 675 to GBX 816 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Greatland Gold has an average rating of “Moderate Buy” and an average price target of GBX 591.50.

Greatland Gold Trading Up 9.3%

The company has a 50 day moving average of GBX 599.86 and a 200 day moving average of GBX 434.76. 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 stock has a market capitalization of £4.79 billion, a price-to-earnings ratio of 5.37 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.