Royal Bank Of Canada Issues Positive Forecast for Greatland Gold (LON:GGP) Stock Price

Key Points

• Royal Bank of Canada raised its price target on Greatland Gold to GBX 816 (from GBX 675) and maintained a "buy" rating, implying about a 22.9% upside from the prior close.
• Analyst sentiment is mixed-to-positive with 3 buys and 1 hold giving a MarketBeat consensus of "Moderate Buy" and an average target of GBX 591.50, making RBC's view notably more bullish than the peer average.
• Shares traded at GBX 663.80 midday (down GBX 26.50) with a market cap of £4.47 billion, a P/E of 5.01, and a 52-week range of GBX 147–719.90.

Greatland Gold (LON:GGP - Get Free Report) had its price target hoisted by stock analysts at Royal Bank Of Canada from GBX 675 to GBX 816 in a research note issued on Thursday,Digital Look reports. The firm currently has a "buy" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 22.93% from the stock's previous close.

Several other research firms also recently commented on GGP. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 635 target price on shares of Greatland Gold in a research report on Tuesday, October 7th. Citigroup boosted their price target on Greatland Gold from GBX 595 to GBX 675 and gave the company a "buy" rating in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Greatland Gold has an average rating of "Moderate Buy" and a consensus target price of GBX 591.50.

Greatland Gold Stock Performance

Shares of GGP stock traded down GBX 26.50 during midday trading on Thursday, hitting GBX 663.80. 3,306,014 shares of the company were exchanged, compared to its average volume of 2,907,223. The firm has a market capitalization of £4.47 billion, a P/E ratio of 5.01 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 price is GBX 510.02 and its two-hundred day moving average price is GBX 391.21. Greatland Gold has a 52 week low of GBX 147 and a 52 week high of GBX 719.90.

About Greatland Gold

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

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