Greatland Gold (LON:GGP) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Greatland Gold plc (LON:GGP) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 576.77 and traded as high as GBX 666.90. Greatland Gold shares last traded at GBX 663.23, with a volume of 1,873,096 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on GGP shares. Royal Bank Of Canada upped their price target on shares of Greatland Gold from GBX 675 to GBX 816 and gave the company a “buy” rating in a research report on Thursday, January 29th. Citigroup upped their target price on shares of Greatland Gold from GBX 595 to GBX 675 and gave the company a “buy” rating in a report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 591.50.

Greatland Gold Trading Up 1.7%

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 stock has a market capitalization of £4.46 billion, a PE ratio of 5.00 and a beta of 0.73. The business’s 50-day moving average is GBX 576.77 and its two-hundred day moving average is GBX 418.36.

Greatland Gold Company Profile

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