Canaccord Genuity Group Issues Positive Forecast for Greatland Gold (LON:GGP) Stock Price

Greatland Gold (LON:GGP) had its price target increased by equities researchers at Canaccord Genuity Group from GBX 19 ($0.25) to GBX 20 ($0.26) in a report issued on Tuesday,Digital Look reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 95.12% from the stock’s current price.

Greatland Gold Trading Up 7.2 %

Shares of GGP traded up GBX 0.69 ($0.01) during mid-day trading on Tuesday, hitting GBX 10.25 ($0.13). 137,038,016 shares of the company’s stock traded hands, compared to its average volume of 54,944,563. The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07. Greatland Gold has a 1 year low of GBX 3.63 ($0.05) and a 1 year high of GBX 10.70 ($0.14). The firm has a market capitalization of £1.39 billion, a P/E ratio of -23.47 and a beta of 0.73. The business’s 50-day moving average price is GBX 7.98 and its 200-day moving average price is GBX 6.98.

Greatland Gold (LON:GGP) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share for the quarter. As a group, sell-side analysts forecast that Greatland Gold will post 1.1007194 EPS for the current fiscal year.

Greatland Gold Company Profile

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