Amaroq Minerals (LON:AMRQ) Given New GBX 150 Price Target at Canaccord Genuity Group

Amaroq Minerals (LON:AMRQ) had its target price hoisted by Canaccord Genuity Group from GBX 120 to GBX 150 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 26.05% from the company’s current price.

Separately, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 125 target price on shares of Amaroq Minerals in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 137.50.

Amaroq Minerals Stock Performance

Shares of LON AMRQ traded up GBX 5.50 during mid-day trading on Thursday, reaching GBX 119. 1,378,334 shares of the company were exchanged, compared to its average volume of 1,497,514. The stock has a market capitalization of £551.74 million, a P/E ratio of -23.33 and a beta of 0.20. The company has a quick ratio of 9.04, a current ratio of 0.67 and a debt-to-equity ratio of 32.09. The company’s 50-day simple moving average is GBX 97.82 and its 200-day simple moving average is GBX 83.93. Amaroq Minerals has a twelve month low of GBX 60 and a twelve month high of GBX 127.

About Amaroq Minerals

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals.