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

Peel Hunt reaffirmed their buy rating on shares of SolGold (LON:SOLG) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.

SOLG has been the subject of several other reports. Peel Hunt restated a buy rating and issued a GBX 70 ($0.92) target price on shares of SolGold in a report on Wednesday, February 12th. Liberum Capital restated a buy rating on shares of SolGold in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. reduced their target price 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 a consensus target price of GBX 70 ($0.92).

SOLG opened at GBX 15.25 ($0.20) on Monday. The business has a 50 day moving average price of GBX 16.69 and a 200 day moving average price of GBX 19.57. SolGold has a twelve month low of GBX 10 ($0.13) and a twelve month high of GBX 41.85 ($0.55). The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.12 and a current ratio of 5.19. The firm has a market cap of $293.30 million and a P/E ratio of -30.50.

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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