Citi Remains a Buy on Greatland Resources (GGP)
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McCutcheon covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Mineral Resources Limited, and Greatland Resources. According to TipRanks, McCutcheon has an average return of 7.8% and a 59.90% success rate on recommended stocks.
In addition to Citi, Greatland Resources also received a Buy from Canaccord Genuity's Alexander Bedwany in a report issued on July 29. However, on the same day, MA Financial Group maintained a Hold rating on Greatland Resources (LSE: GGP).
Based on Greatland Resources' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p8.29 million and a net profit of p18.03 million. In comparison, last year the company had a GAAP net loss of p5.47 thousand
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GGP in relation to earlier this year.
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