Peel Hunt Sticks to Their Buy Rating for SolGold (SLGGF)

Peel Hunt analyst Peel Hunt reiterated a Buy rating on SolGold (SLGGF) on July 1. The company’s shares closed last Monday at $0.30.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SolGold.

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Based on SolGold’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $1.53 million. In comparison, last year the company had a GAAP net loss of $4.56 million.

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SolGold Plc engages in exploration of copper gold. It holds interest in Cascabel, Ecuador Regional Exploration, Queensland and Solomon Island projects. The company was founded on May 11, 2005 and is headquartered in Brisbane, Australia.

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