Greatland Gold (LON:GGP) Sets New 1-Year High – Time to Buy?

Greatland Gold plc (LON:GGP) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 716.65 and last traded at GBX 710.20, with a volume of 2009298 shares changing hands. The stock had previously closed at GBX 657.33.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GGP shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 635 target price on shares of Greatland Gold in a research note on Tuesday, October 7th. Citigroup lifted their price objective on shares of Greatland Gold from GBX 595 to GBX 675 and gave the company a “buy” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Greatland Gold has a consensus rating of “Moderate Buy” and a consensus target price of GBX 516.67.

Greatland Gold Stock Performance

The stock has a market capitalization of £4.74 billion, a P/E ratio of 5.31 and a beta of 0.73. 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 company has a 50-day moving average price of GBX 490.62 and a two-hundred day moving average price of GBX 383.63.

Greatland Gold Company Profile

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