Canaccord Genuity Group Reaffirms "Buy" Rating for Greatland Gold (LON:GGP)

Key Points

• Greatland Gold has received a "buy" rating from Canaccord Genuity Group, with a target price of GBX 632 ($8.44), indicating a potential upside of 139.59% from its current stock price.
• Berenberg Bank has increased its target price on Greatland Gold from GBX 220 ($2.94) to GBX 240 ($3.21) while maintaining a "hold" rating.
• The stock currently trades at GBX 263.78 ($3.52) and has a market capitalization of £35.67 billion.

Canaccord Genuity Group restated their buy rating on shares of Greatland Gold (LON:GGP - Free Report) in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 632 ($8.39) price objective on the stock.

Separately, Berenberg Bank upped their price objective on shares of Greatland Gold from GBX 220 ($2.92) to GBX 240 ($3.19) and gave the company a "hold" rating in a research note on Monday, April 14th.

Greatland Gold Price Performance

GGP stock traded up GBX 20 ($0.27) during midday trading on Tuesday, reaching GBX 262 ($3.48). The company had a trading volume of 2,895,581 shares, compared to its average volume of 3,402,137. The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36. Greatland Gold has a 1 year low of GBX 99.06 ($1.31) and a 1 year high of GBX 363.05 ($4.82). The company has a market capitalization of £35.43 billion, a P/E ratio of -600.03 and a beta of 0.73. The firm has a 50-day moving average price of GBX 314.58 and a 200-day moving average price of GBX 245.81.

About Greatland Gold

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