SolGold’s (SOLG) “Buy” Rating Reaffirmed at Peel Hunt
Peel Hunt reiterated their buy rating on shares of SolGold (LON:SOLG) in a report released on Wednesday, LSE.Co.UK reports. The brokerage currently has a GBX 70 ($0.92) price objective on the stock.
Other research analysts have also recently issued research reports about the company. Liberum Capital restated a buy rating on shares of SolGold in a research note on Monday, November 25th. Peel Hunt reaffirmed a buy rating and set a GBX 70 ($0.92) price objective on shares of SolGold in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on SolGold from GBX 90 ($1.18) to GBX 70 ($0.92) and set an overweight rating for the company in a report on Tuesday, December 17th. Four analysts have rated the stock with a buy rating, SolGold presently has a consensus rating of Buy and an average price target of GBX 70 ($0.92).
SOLG traded up GBX 1.26 ($0.02) during trading on Wednesday, hitting GBX 19.80 ($0.26). 2,623,011 shares of the company’s stock traded hands, compared to its average volume of 2,010,000. The company’s 50 day simple moving average is GBX 19.62 and its two-hundred day simple moving average is GBX 21.85. SolGold has a 12-month low of GBX 16.18 ($0.21) and a 12-month high of GBX 41.85 ($0.55). The stock has a market capitalization of $380.82 million and a price-to-earnings ratio of -11.00.
SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers located in Quito, Ecuador.
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