Should I buy or sell Giga Metals stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Giga Metals in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GIGA shares. View GIGA analyst ratings or view top-rated stocks .

What is Giga Metals' stock price target for 2024?

1 brokers have issued 1-year price objectives for Giga Metals' stock. Their GIGA share price targets range from C$0.95 to C$0.95. On average, they predict the company's stock price to reach C$0.95 in the next twelve months. This suggests a possible upside of 331.8% from the stock's current price. View analysts price targets for GIGA or view top-rated stocks among Wall Street analysts .

How have GIGA shares performed in 2024?

Giga Metals' stock was trading at C$0.19 at the start of the year. Since then, GIGA shares have increased by 18.9% and is now trading at C$0.22. View the best growth stocks for 2024 here .

When is Giga Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our GIGA earnings forecast .

What other stocks do shareholders of Giga Metals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Giga Metals investors own include Shoal Point Energy (SHP) , Acasti Pharma (ACST) , Baytex Energy (BTE) , Citius Pharmaceuticals (CTXR) , Kroger (KR) , Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (NILSY) , Nokia Oyj (NOK) , Novavax (NVAX) , Sherritt International (S) and Tesla (TSLA) .

How do I buy shares of Giga Metals?

Shares of GIGA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

CVE:GIGA

Giga Metals (GIGA) Stock Price, News & Analysis

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C$0.22

+0.03 (+15.79%)

(As of 05:18 PM ET)

Compare

Today's Range: C$0.19
▼
C$0.22
50-Day Range: C$0.12
▼
C$0.20
52-Week Range: C$0.11
▼
C$0.30

Volume: 238,050 shs
Average Volume: 59,399 shs
Market Capitalization: C$21.54 million

P/E Ratio: N/A
Dividend Yield: 0.34%
Price Target: C$0.95

Stock Analysis Analyst Forecasts Chart Headlines

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Giga Metals MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 331.8% Upside
C$0.95 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.63 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Giga Metals has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Giga Metals has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for GIGA.

0.0

Dividend Strength

Dividend Yield
Giga Metals has a dividend yield of 0.34%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Giga Metals does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GIGA.

1.3

News and Social Media Coverage

News Sentiment
Giga Metals has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Giga Metals insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.29% of the stock of Giga Metals is held by insiders.
Percentage Held by Institutions
Only 1.13% of the stock of Giga Metals is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Giga Metals is -7.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Giga Metals is -7.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Giga Metals has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Giga Metals Stock (CVE:GIGA)

Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It holds 100% interests in the Turnagain property with 75 contiguous mineral claims covering an area of approximately 40,069 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017. Giga Metals Corporation was incorporated in 1983 and is headquartered in Vancouver, Canada.

GIGA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GIGA Stock News Headlines

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January 26, 2024 | finance.yahoo.com

Giga Metals to Present at the Battery & Precious Metals Virtual Investor Conference January 30th

January 24, 2024 | msn.com

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January 23, 2024 | morningstar.com

Giga Metals Corp GIGGF

January 19, 2024 | msn.com

Net zero fanatics risk crushing what’s left of British industry

December 4, 2023 | finance.yahoo.com

Giga Metals to Present at the Clean Energy and Precious Metals Virtual Investor Conference December 6th

See More Headlines

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Company Calendar

Today: 4/18/2024
Next Earnings (Estimated): 4/23/2024

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Industry, Sector and Symbol

Stock Exchange: CVE
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Sub-Industry: N/A
Current Symbol: CVE:GIGA
CUSIP: N/A
CIK: N/A
Web: www.hardcreek.com
Phone: 604-681-2300
Fax: N/A
Employees: 2
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$0.95
High Stock Price Target: C$0.95
Low Stock Price Target: C$0.95
Potential Upside/Downside: +331.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: C$-2,240,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -9.72%
Return on Assets: -6.16%

Debt

Debt-to-Equity Ratio: 0.73
Current Ratio: 4.84
Quick Ratio: 14.39

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: C$0.07 per share
Price / Cash Flow: 3.35
Book Value: C$0.20 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 97,900,000
Free Float: N/A
Market Cap: C$21.54 million
Optionable: Not Optionable
Beta: 1.05

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Key Executives

Mr. Mark Jarvis (Age 69)
CEO & Chairman of the Board
Comp: $96k
Mr. Martin Vydra (Age 59)
President & Director
Comp: $78k
Ms. Leslie Young (Age 65)
Corporate Secretary
Comp: $58k
Ms. Holly Millar
Director of Corporate Communications & Marketing

Key Competitors

View All Competitors

GIGA Stock Analysis - Frequently Asked Questions

Should I buy or sell Giga Metals stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Giga Metals in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GIGA shares.
View GIGA analyst ratings or view top-rated stocks.
What is Giga Metals' stock price target for 2024?: 1 brokers have issued 1-year price objectives for Giga Metals' stock. Their GIGA share price targets range from C$0.95 to C$0.95. On average, they predict the company's stock price to reach C$0.95 in the next twelve months. This suggests a possible upside of 331.8% from the stock's current price.
View analysts price targets for GIGA or view top-rated stocks among Wall Street analysts.
How have GIGA shares performed in 2024?: Giga Metals' stock was trading at C$0.19 at the start of the year. Since then, GIGA shares have increased by 18.9% and is now trading at C$0.22.
View the best growth stocks for 2024 here.
When is Giga Metals' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our GIGA earnings forecast.

What other stocks do shareholders of Giga Metals own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Giga Metals investors own include Shoal Point Energy (SHP), Acasti Pharma (ACST), Baytex Energy (BTE), Citius Pharmaceuticals (CTXR), Kroger (KR), Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (NILSY), Nokia Oyj (NOK), Novavax (NVAX), Sherritt International (S) and Tesla (TSLA).
How do I buy shares of Giga Metals?: Shares of GIGA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (CVE:GIGA) was last updated on 4/18/2024 by MarketBeat.com Staff

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Giga Metals (GIGA) Stock Price, News & Analysis

Giga Metals MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

Company Ownership

Earnings and Valuation

About Giga Metals Stock (CVE:GIGA)

GIGA Stock Price History

GIGA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

GIGA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™