Greatland Gold (LON:GGP) Shares Up 2.7% - Time to Buy?

Key Points

• Greatland Gold plc shares increased by 2.7% during trading, closing at GBX 267 ($3.60) after trading as high as GBX 270 ($3.64).
• Analysts from Canaccord Genuity Group issued a "buy" rating with a target price of GBX 632, contributing to an average stock rating of "Moderate Buy" with a consensus target price of GBX 436.
• The company's market capitalization stands at £36.11 billion, with notable financial metrics including a quick ratio of 2.36 and a debt-to-equity ratio of 102.07.

Greatland Gold plc (LON:GGP - Get Free Report)'s stock price shot up 2.7% on Tuesday . The company traded as high as GBX 270 ($3.65) and last traded at GBX 267 ($3.61). 1,216,861 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 3,274,686 shares. The stock had previously closed at GBX 260 ($3.52).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 632 price objective on shares of Greatland Gold in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 436.

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 firm has a market cap of £35.83 billion, a P/E ratio of -606.90 and a beta of 0.73. The company has a fifty day moving average price of GBX 301.61 and a two-hundred day moving average price of GBX 258.19.

Greatland Gold Company Profile

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