Peel Hunt Reaffirms “Buy” Rating for SolGold (LON:SOLG)

Peel Hunt reaffirmed their buy rating on shares of SolGold (LON:SOLG) in a report published on Wednesday, LSE.Co.UK reports. They currently have a GBX 70 ($0.92) price target on the stock.

Other analysts also recently issued reports about the stock. Liberum Capital restated a buy rating on shares of SolGold in a research report on Monday, November 25th. JPMorgan Chase & Co. dropped their price target on shares of SolGold from GBX 90 ($1.18) to GBX 70 ($0.92) and set an overweight rating on the stock in a research report on Tuesday, December 17th. Finally, Peel Hunt restated a buy rating and set a GBX 70 ($0.92) price target on shares of SolGold in a research report on Wednesday. Four research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of GBX 70 ($0.92).

SOLG stock opened at GBX 19.18 ($0.25) on Wednesday. SolGold has a 52 week low of GBX 16.18 ($0.21) and a 52 week high of GBX 41.85 ($0.55). The company has a market capitalization of $368.89 million and a price-to-earnings ratio of -10.66. The firm’s 50-day moving average is GBX 19.62 and its two-hundred day moving average is GBX 21.75.

About SolGold

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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