Canaccord Genuity Group Forecasts Strong Price Appreciation for Amaroq Minerals (LON:AMRQ) Stock

Amaroq Minerals (LON:AMRQ) had its target price raised by stock analysts at Canaccord Genuity Group from GBX 120 to GBX 150 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 22.95% from the stock’s previous close.

Separately, Panmure Gordon restated a “buy” rating and set a GBX 125 target price on shares of Amaroq Minerals in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 137.50.

Amaroq Minerals Stock Performance

LON AMRQ opened at GBX 122 on Thursday. The company has a 50 day moving average of GBX 99.34 and a 200-day moving average of GBX 84.48. The firm has a market cap of £565.65 million, a price-to-earnings ratio of -23.92 and a beta of 0.20. Amaroq Minerals has a 1-year low of GBX 60 and a 1-year high of GBX 127. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09.

About Amaroq Minerals

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals.