Greatland Gold (LON:GGP) Hits New 52-Week High - Should You Buy?

Key Points

• Greatland Gold plc shares reached a new 52-week high of GBX 420 ($5.60) during trading, with a last trade at GBX 415 ($5.53).
• Canaccord Genuity Group has set a target price of GBX 635 and maintains a "buy" rating on the stock, while it holds an average rating of "Moderate Buy" with a target of GBX 437.50.
• The company has a market cap of £2.78 billion and a notably high PE ratio of 655.69, indicating potentially high future growth expectations.

Shares of Greatland Gold plc (LON:GGP - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 420 ($5.60) and last traded at GBX 415 ($5.53), with a volume of 1130999 shares traded. The stock had previously closed at GBX 405 ($5.40).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 635 target price on shares of Greatland Gold in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 437.50.

Greatland Gold Stock Performance

The company has a market cap of £2.78 billion, a PE ratio of 655.69 and a beta of 0.73. The company has a debt-to-equity ratio of 102.07, a quick ratio of 2.36 and a current ratio of 1.33. The firm's 50 day moving average is GBX 305.05 and its 200-day moving average is GBX 293.88.

Greatland Gold Company Profile

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

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