Greatland Gold (LON:GGP) Reaches New 12-Month High - Still a Buy?

Greatland Gold plc (LON:GGP - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 16 ($0.21) and last traded at GBX 14.60 ($0.19), with a volume of 141286672 shares trading hands. The stock had previously closed at GBX 14.48 ($0.19).

Analysts Set New Price Targets

Several research analysts have weighed in on GGP shares. Canaccord Genuity Group raised shares of Greatland Gold to a "buy" rating and raised their price objective for the stock from GBX 20 ($0.27) to GBX 25 ($0.33) in a report on Wednesday, April 16th. Berenberg Bank lifted their target price on Greatland Gold from GBX 11 ($0.15) to GBX 12 ($0.16) and gave the stock a "hold" rating in a research report on Monday, April 14th.

Greatland Gold Stock Down 0.5 %

The firm has a market cap of £1.76 billion, a P/E ratio of -29.77 and a beta of 0.73. The firm's 50-day moving average price is GBX 10.91 and its 200 day moving average price is GBX 8.19. 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 (LON:GGP - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share (EPS) for the quarter. As a group, research analysts expect that Greatland Gold plc will post 1.1007194 earnings per share 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.