SolGold’s (SOLG) Speculative Buy Rating Reiterated at Canaccord Genuity Group

SolGold (LON:SOLG)‘s stock had its “speculative buy” rating reissued by stock analysts at Canaccord Genuity Group in a report released on Monday,Digital Look reports. They presently have a GBX 46 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 135.66% from the stock’s current price.

SolGold Stock Performance

Shares of SOLG opened at GBX 19.52 on Monday. The company has a market capitalization of £586.14 million, a price-to-earnings ratio of -16.27 and a beta of 1.20. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. SolGold has a 1 year low of GBX 5.54 and a 1 year high of GBX 20. The company’s 50 day simple moving average is GBX 16.52 and its 200 day simple moving average is GBX 11.48.

SolGold Company Profile

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.