Amaroq Minerals (LON:AMRQ) Price Target Raised to GBX 150

Amaroq Minerals (LON:AMRQ) had its price target raised by Canaccord Genuity Group from GBX 120 to GBX 150 in a report released on Thursday, MarketBeat reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Amaroq Minerals has an average rating of “Buy” and a consensus price target of GBX 137.50.

Amaroq Minerals Trading Up 2.5%

LON:AMRQ opened at GBX 122 on Thursday. The company has a quick ratio of 9.04, a current ratio of 0.67 and a debt-to-equity ratio of 32.09. The firm has a market capitalization of £565.65 million, a price-to-earnings ratio of -23.92 and a beta of 0.20. The stock has a fifty day simple moving average of GBX 99.34 and a 200 day simple moving average of GBX 84.52. Amaroq Minerals has a 1-year low of GBX 60 and a 1-year high of GBX 127.

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.