Peel Hunt started coverage on shares of SolGold (LON:SOLG) in a report released on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage issued a buy rating and a GBX 70 ($0.91) target price on the stock.

Several other brokerages have also weighed in on SOLG. Shore Capital reaffirmed a not rated rating on shares of SolGold in a research report on Friday, June 21st. Liberum Capital reaffirmed a buy rating on shares of SolGold in a research report on Wednesday, July 3rd.

LON:SOLG opened at GBX 27.99 ($0.37) on Tuesday. The stock has a market cap of $516.77 million and a PE ratio of -34.99. The business’s 50 day moving average is GBX 30.38. SolGold has a fifty-two week low of GBX 20.50 ($0.27) and a fifty-two week high of GBX 45.05 ($0.59).

In related news, insider Nicholas Mather sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of GBX 28 ($0.37), for a total transaction of £112,000 ($146,347.84).

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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