Greatland Gold (LON:GGP) Reaches New 52-Week High – Still a Buy?

Shares of Greatland Gold plc (LON:GGP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 598.40 and last traded at GBX 594.33, with a volume of 743844 shares. The stock had previously closed at GBX 545.41.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GGP shares. Citigroup raised their target price on 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 target price on shares of Greatland Gold in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 516.67.

Greatland Gold Stock Down 2.1%

The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07. The firm has a market capitalization of £4.13 billion, a PE ratio of 4.63 and a beta of 0.73. The business has a 50-day moving average price of GBX 448.45 and a 200-day moving average price of GBX 365.50.

Greatland Gold Company Profile

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