Canaccord Genuity Group Boosts Amaroq Minerals (LON:AMRQ) Price Target to GBX 150

Amaroq Minerals (LON:AMRQ) had its target price upped by equities research analysts at Canaccord Genuity Group from GBX 120 to GBX 150 in a research note issued on Thursday,London Stock Exchange reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 26.05% from the company’s current price.

Separately, Panmure Gordon restated a “buy” rating and set a GBX 125 target price on shares of Amaroq Minerals in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Amaroq Minerals presently has an average rating of “Buy” and an average target price of GBX 137.50.

Amaroq Minerals Price Performance

Shares of Amaroq Minerals stock traded up GBX 5.50 during midday trading on Thursday, reaching GBX 119. The company had a trading volume of 1,378,334 shares, compared to its average volume of 1,497,514. The company has a current ratio of 0.67, a quick ratio of 9.04 and a debt-to-equity ratio of 32.09. The stock has a fifty day simple moving average of GBX 97.82 and a 200 day simple moving average of GBX 83.93. Amaroq Minerals has a 1-year low of GBX 60 and a 1-year high of GBX 127. The company has a market capitalization of £551.74 million, a price-to-earnings ratio of -23.33 and a beta of 0.20.

About Amaroq Minerals

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals.