Liberty Gold (TSE:LGD) Sets New 1-Year High – What’s Next?

Shares of Liberty Gold Corp. (TSE:LGD) reached a new 52-week high on Friday. The company traded as high as C$2.30 and last traded at C$2.28, with a volume of 1186178 shares. The stock had previously closed at C$2.25.

Analyst Upgrades and Downgrades

Separately, Ventum Capital set a C$4.30 price target on Liberty Gold and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$4.30.

Liberty Gold Price Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 8.13 and a current ratio of 8.63. The company has a fifty day moving average price of C$1.79 and a two-hundred day moving average price of C$1.54. The company has a market cap of C$1.22 billion, a P/E ratio of 111.00 and a beta of 4.08.

Liberty Gold (TSE:LGD) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.10 EPS for the quarter. On average, sell-side analysts anticipate that Liberty Gold Corp. will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Gold news, insider Jonathan Mark Gilligan sold 530,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of C$2.09, for a total value of C$1,107,700.00. Following the sale, the insider owned 2,527,538 shares of the company’s stock, valued at approximately C$5,282,554.42. This trade represents a 17.33% decrease in their position. 3.18% of the stock is owned by corporate insiders.

Liberty Gold Company Profile

Liberty Gold is a U.S.-focused gold company advancing Black Pine, its 100% owned oxide gold project in Idaho, located within the Great Basin, one of the world’s most productive and mining-friendly gold regions. Black Pine is a large-scale, past-producing, run-of-mine heap leachable gold deposit progressing through feasibility and permitting toward a modern open-pit mining operation. The Company’s strategy is centered on advancing high-quality, long-life gold assets, with a clear focus on technical simplicity, strong environmental performance, project executability, collaborative permitting processes, and value creation.