SolGold (LON:SOLG) Receives “Buy” Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of SolGold (LON:SOLG) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently commented on SOLG. JPMorgan Chase & Co. lowered their target price on shares of SolGold from GBX 90 ($1.18) to GBX 70 ($0.92) and set an overweight rating on the stock in a research note on Tuesday, December 17th. Peel Hunt reaffirmed a buy rating and issued a GBX 70 ($0.92) price objective on shares of SolGold in a research note on Wednesday, February 12th. Finally, Liberum Capital reaffirmed a buy rating on shares of SolGold in a research note on Monday, November 25th. Four research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of GBX 70 ($0.92).

SolGold stock opened at GBX 15.25 ($0.20) on Monday. The stock has a market cap of $293.30 million and a price-to-earnings ratio of -30.50. The company has a current ratio of 5.19, a quick ratio of 4.12 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is GBX 16.69 and its two-hundred day moving average price is GBX 19.57. SolGold has a 52 week low of GBX 10 ($0.13) and a 52 week high of GBX 41.85 ($0.55).

SolGold Company Profile

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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