Panmure Gordon Reiterates “Buy” Rating for Amaroq Minerals (LON:AMRQ)

Amaroq Minerals (LON:AMRQ)‘s stock had its “buy” rating reaffirmed by equities researchers at Panmure Gordon in a research note issued on Wednesday,London Stock Exchange reports. They presently have a GBX 125 target price on the stock. Panmure Gordon’s price objective would indicate a potential upside of 33.69% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 120 target price on shares of Amaroq Minerals in a research note on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 123.33.

Amaroq Minerals Price Performance

LON AMRQ traded up GBX 1.50 on Wednesday, hitting GBX 93.50. The company had a trading volume of 363,255 shares, compared to its average volume of 581,657. The company has a debt-to-equity ratio of 32.09, a current ratio of 0.67 and a quick ratio of 9.04. The company’s fifty day moving average price is GBX 82.62 and its 200-day moving average price is GBX 79.74. The company has a market capitalization of £424.59 million, a PE ratio of -11.27 and a beta of 0.20. Amaroq Minerals has a 12-month low of GBX 60 and a 12-month high of GBX 121.50.

Amaroq Minerals Company Profile

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.