Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Greatland Resources ( (GB:GGP) ) just unveiled an announcement.
Greatland Resources Limited announced the issuance of 132,899 new Ordinary Shares to satisfy the up-front consideration due to Rio Tinto Exploration Pty Limited for their joint venture on the Paterson South project. These shares are expected to be issued on 24 July 2025, with trading on the London Stock Exchange’s AIM anticipated to commence on 28 July 2025. This move is part of Greatland’s strategic efforts to strengthen its position in the gold and copper mining industry.
The most recent analyst rating on (GB:GGP) stock is a Buy with a £7.80 price target. To see the full list of analyst forecasts on Greatland Resources stock, see the GB:GGP Stock Forecast page.
Spark’s Take on GB:GGP Stock
According to Spark, TipRanks’ AI Analyst, GB:GGP is a Neutral.
Greatland Gold’s overall stock score is significantly impacted by its weak financial position and high valuation concerns. However, strong technical indicators and positive corporate events suggest potential for future growth. The company’s success hinges on transitioning from exploration to production to improve financial stability.
To see Spark’s full report on GB:GGP stock, click here.
More about Greatland Resources
Greatland Resources Limited is a gold and copper mining company listed on the Australian Securities Exchange and London Stock Exchange’s AIM Market, operating from Western Australia. The company owns the Telfer mine and the Havieron gold-copper development project, which together form a substantial gold-copper operation in the Paterson Province.
Average Trading Volume: 3,181,994
Technical Sentiment Signal: Buy
Current Market Cap: £2.16B
Learn more about GGP stock on TipRanks’ Stock Analysis page.