Greatland Gold (LON:GGP) Upgraded at Canaccord Genuity Group

Greatland Gold (LON:GGP) was upgraded by equities researchers at Canaccord Genuity Group to a “buy” rating in a report released on Wednesday,Digital Look reports. The firm currently has a GBX 25 ($0.33) price objective on the stock, up from their prior price objective of GBX 20 ($0.26). Canaccord Genuity Group’s price objective points to a potential upside of 71.00% from the stock’s previous close.

Separately, Berenberg Bank boosted their price objective on Greatland Gold from GBX 11 ($0.15) to GBX 12 ($0.16) and gave the company a “hold” rating in a report on Monday.

Greatland Gold Price Performance

Shares of Greatland Gold stock traded up GBX 1.26 ($0.02) during trading hours on Wednesday, reaching GBX 14.62 ($0.19). The company’s stock had a trading volume of 106,797,977 shares, compared to its average volume of 70,652,992. The firm has a 50 day moving average price of GBX 10.02 and a 200-day moving average price of GBX 7.77. The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36. Greatland Gold has a one year low of GBX 3.63 ($0.05) and a one year high of GBX 14.70 ($0.19). The stock has a market cap of £1.98 billion, a P/E ratio of -33.48 and a beta of 0.73.

Greatland Gold (LON:GGP) last released its earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share for the quarter. On average, analysts predict that Greatland Gold will post 1.1007194 EPS for the current year.

Greatland Gold Company Profile

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