Greatland Gold (LON:GGP) Hits New 12-Month High – Here’s Why

Greatland Gold plc (LON:GGP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 540 and last traded at GBX 533.57, with a volume of 1574562 shares traded. The stock had previously closed at GBX 524.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup lifted their price target on Greatland Gold from GBX 440 to GBX 513 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 635 target price on shares of Greatland Gold in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 462.67.

Greatland Gold Price Performance

The stock has a 50 day moving average of GBX 430.48 and a two-hundred day moving average of GBX 358.76. 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 cap of £3.80 billion, a PE ratio of 4.26 and a beta of 0.73.

Greatland Gold Company Profile

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