Peel Hunt Reaffirms Buy Rating for SolGold (LON:SOLG)
Peel Hunt restated their buy rating on shares of SolGold (LON:SOLG) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the company. Liberum Capital restated a buy rating on shares of SolGold in a report on Monday, November 25th. JPMorgan Chase & Co. lowered their price target on SolGold from GBX 90 ($1.18) to GBX 70 ($0.92) and set an overweight rating for the company in a research note on Tuesday, December 17th. Finally, Peel Hunt reiterated a buy rating and issued a GBX 70 ($0.92) price target on shares of SolGold in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of GBX 70 ($0.92).
LON SOLG opened at GBX 14 ($0.18) on Monday. The stock has a 50-day simple moving average of GBX 16.74 and a 200 day simple moving average of GBX 19.63. The company has a market capitalization of $269.27 million and a PE ratio of -28.00. The company has a current ratio of 5.19, a quick ratio of 4.12 and a debt-to-equity ratio of 0.69. SolGold has a 12 month low of GBX 10 ($0.13) and a 12 month high of GBX 41.85 ($0.55).
SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers located in Quito, Ecuador.
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