Greatland Gold (LON:GGP) Hits New 12-Month High – What’s Next?

Greatland Gold plc (LON:GGP)’s share price reached 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. The stock had previously closed at GBX 657.33.

Analysts Set New Price Targets

Several analysts recently weighed in on GGP shares. Citigroup lifted their price objective on shares of Greatland Gold from GBX 595 to GBX 675 and gave the company a “buy” rating in a research report on Thursday, January 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 635 price target on shares of Greatland Gold in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 516.67.

Greatland Gold Trading Down 0.9%

The company has a market capitalization of £4.60 billion, a price-to-earnings ratio of 5.16 and a beta of 0.73. The firm has a 50-day moving average price of GBX 503.76 and a 200-day moving average price of GBX 389.11. The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07.

About Greatland Gold

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