Greatland Gold (LON:GGP) Hits New 1-Year High - Here's Why

Key Points

• Greatland Gold plc reached a new 52-week high, trading at GBX 365 ($4.89), with a last traded price of GBX 357.78 ($4.80) and a volume of over 1.8 million shares.
• Canaccord Genuity Group reaffirmed a "buy" rating for the stock and set a target price of GBX 607, with the consensus rating for Greatland Gold currently at "Moderate Buy" and a price target of GBX 423.50.
• The company has a market capitalization of £2.41 billion and reports financial ratios including a PE ratio of 570.16 and a debt-to-equity ratio of 102.07.

Greatland Gold plc (LON:GGP - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as GBX 365 ($4.89) and last traded at GBX 357.78 ($4.80), with a volume of 1830037 shares. The stock had previously closed at GBX 344 ($4.61).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 607 target price on shares of Greatland Gold in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Greatland Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 423.50.

Greatland Gold Price Performance

The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07. The company has a market capitalization of £2.41 billion, a PE ratio of 570.16 and a beta of 0.73. The stock's 50-day moving average is GBX 287.61 and its two-hundred day moving average is GBX 281.34.

About Greatland Gold

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.