SolGold (LON:SOLG) Sets New 52-Week High - Should You Buy?
SolGold (LON:SOLG) shares reached a new 52-week high of GBX 20, closing at GBX 19.85 with a trading volume of 76,439,820 shares. Analysts from Canaccord Genuity maintain a "speculative buy" rating with a target price of GBX 46. The stock has a market cap of £595.45 million, a PE ratio of -16.53, and a consensus rating of "Buy". SolGold focuses on copper-gold exploration in Ecuador, a region rich in resources.
Shares of SolGold Plc (LON:SOLG - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 20 and last traded at GBX 19.85, with a volume of 76439820 shares traded. The stock had previously closed at GBX 18.22.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 46 price target on shares of SolGold in a report on Monday, September 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, SolGold currently has a consensus rating of "Buy" and a consensus target price of GBX 46.
Check Out Our Latest Analysis on SolGold
SolGold Stock Performance
The company has a market cap of £595.45 million, a PE ratio of -16.53 and a beta of 1.20. The stock's 50 day simple moving average is GBX 16.52 and its two-hundred day simple moving average is GBX 11.48. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.
About SolGold
(Get Free Report)SolGold is a leading exploration company focussed on the discovery, definition and development of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world's copper resources.
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