Greatland Gold (LON:GGP) Given "Buy" Rating at Canaccord Genuity Group

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 reiterated their buy rating on shares of Greatland Gold (LON:GGP - Free Report) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 632 ($8.38) price objective on the stock.

Separately, Berenberg Bank lifted their price objective on Greatland Gold from GBX 220 ($2.92) to GBX 240 ($3.18) and gave the stock a "hold" rating in a research note on Monday, April 14th.

Greatland Gold Stock Up 2.0%

GGP traded up GBX 5 ($0.07) during trading on Tuesday, reaching GBX 260 ($3.45). 2,963,167 shares of the stock traded hands, compared to its average volume of 3,390,237. Greatland Gold has a fifty-two week low of GBX 99.06 ($1.31) and a fifty-two week high of GBX 363.05 ($4.81). The stock's 50-day simple moving average is GBX 315.04 and its two-hundred day simple moving average is GBX 243.94. The stock has a market cap of £35.16 billion, a price-to-earnings ratio of -595.45 and a beta of 0.73. The company has a debt-to-equity ratio of 102.07, a current ratio of 1.33 and a quick ratio of 2.36.

About Greatland Gold

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