Canaccord Genuity Group Upgrades Greatland Gold (LON:GGP) to Buy

Canaccord Genuity Group upgraded shares of Greatland Gold (LON:GGP) to a buy rating in a research note released on Wednesday, Marketbeat reports. The firm currently has GBX 25 ($0.33) price objective on the stock, up from their previous price objective of GBX 20 ($0.26).

Separately, Berenberg Bank raised their price target 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 Trading Down 1.5 %

GGP opened at GBX 14.40 ($0.19) on Wednesday. Greatland Gold has a 1-year low of GBX 3.63 ($0.05) and a 1-year high of GBX 15 ($0.20). The firm has a 50-day moving average price of GBX 10.02 and a two-hundred day moving average price of GBX 7.77. The stock has a market capitalization of £1.95 billion, a PE ratio of -32.98 and a beta of 0.73. The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07.

Greatland Gold (LON:GGP) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) earnings per share for the quarter. As a group, equities analysts anticipate that Greatland Gold will post 1.1007194 earnings per share for the current fiscal year.

About Greatland Gold

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