Berenberg Bank Issues Positive Forecast for Greatland Gold (LON:GGP) Stock Price

Greatland Gold (LON:GGP) had its price target increased by stock analysts at Berenberg Bank from GBX 11 ($0.15) to GBX 12 ($0.16) in a note issued to investors on Monday,Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential downside of 10.13% from the company’s current price.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 20 ($0.26) price target on shares of Greatland Gold in a report on Tuesday.

Greatland Gold Stock Performance

GGP traded down GBX 0.45 ($0.01) during mid-day trading on Monday, reaching GBX 13.35 ($0.18). 196,015,578 shares of the company traded hands, compared to its average volume of 71,665,297. The company has a quick ratio of 2.36, a current ratio of 1.33 and a debt-to-equity ratio of 102.07. The stock has a market capitalization of £1.81 billion, a P/E ratio of -30.58 and a beta of 0.73. The company’s fifty day moving average price is GBX 9.92 and its 200-day moving average price is GBX 7.73. Greatland Gold has a 52-week low of GBX 3.63 ($0.05) and a 52-week high of GBX 14.70 ($0.19).

Greatland Gold (LON:GGP) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 0.22 ($0.00) EPS for the quarter. On average, sell-side analysts expect that Greatland Gold will post 1.1007194 EPS for the current year.

About Greatland Gold

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