Greatland Gold (LON:GGP) Stock Price Down 19.5% - Here's Why

Key Points

• Greatland Gold's share price fell by 19.5% during mid-day trading, dropping from GBX 330 ($4.41) to as low as GBX 230 ($3.07).
• Despite the decline, analyst ratings have varied, with Canaccord Genuity upgrading the stock to a "buy" rating and setting a price target of GBX 500 ($6.68), while Berenberg Bank maintained a "hold" rating with a target of GBX 240 ($3.21).
• The company, focused on mining development and exploration of precious and base metals, currently has a market cap of £35.37 billion and a P/E ratio of -599.00.

Greatland Gold plc (LON:GGP - Get Free Report) shares fell 19.5% during trading on Tuesday . The stock traded as low as GBX 230 ($3.04) and last traded at GBX 265.50 ($3.51). 3,239,580 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 3,351,910 shares. The stock had previously closed at GBX 330 ($4.36).

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Berenberg Bank boosted their target price on Greatland Gold from GBX 220 ($2.91) to GBX 240 ($3.17) and gave the stock a "hold" rating in a research note on Monday, April 14th. Canaccord Genuity Group restated a "buy" rating and set a GBX 632 ($8.35) target price on shares of Greatland Gold in a research note on Tuesday.

Greatland Gold Stock Up 8.3%

The business has a fifty day moving average of GBX 315.12 and a two-hundred day moving average of GBX 244.05. The company has a market cap of £35.43 billion, a price-to-earnings ratio of -600.03 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 Company Profile

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