Key Points
- Insider selling: Jonathan Mark Gilligan sold 530,000 Liberty Gold shares for C$1.11 million at C$2.09 each, reducing his direct ownership by 17.33% to 2.53 million shares. He also sold 745,000 shares for C$1.50 million the previous day.
- Stock performance: Liberty Gold shares opened at C$2.21 and were up 2.8%, trading near their 52-week high of C$2.25. The company has a market capitalization of approximately C$1.21 billion.
- Analyst outlook: Liberty Gold has a consensus “Buy” rating and a C$4.30 average price target, substantially above its reported trading price. The company is advancing its Black Pine oxide gold project in Idaho.
Liberty Gold Corp. (TSE:LGD - Get Free Report) insider Jonathan Mark Gilligan sold 530,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of C$2.09, for a total value of C$1,107,700.00. Following the completion of the transaction, the insider directly owned 2,527,538 shares of the company's stock, valued at approximately C$5,282,554.42. This represents a 17.33% decrease in their ownership of the stock.
Jonathan Mark Gilligan also recently made the following trade(s):
- On Wednesday, September 16th, Jonathan Mark Gilligan sold 745,000 shares of Liberty Gold stock. The shares were sold at an average price of C$2.01, for a total value of C$1,497,450.00.
Liberty Gold Trading Up 2.8%
Shares of LGD opened at C$2.21 on Tuesday. Liberty Gold Corp. has a 52-week low of C$0.58 and a 52-week high of C$2.25. The stock has a market cap of C$1.21 billion, a PE ratio of 110.50 and a beta of 4.08. The firm's fifty day moving average is C$1.74 and its two-hundred day moving average is C$1.52. The company has a quick ratio of 8.13, a current ratio of 8.63 and a debt-to-equity ratio of 0.69.
Liberty Gold (TSE:LGD - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.10 EPS for the quarter. Research analysts forecast that Liberty Gold Corp. will post -0.09 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Ventum Capital set a C$4.30 price objective on shares of Liberty Gold and gave the company a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Liberty Gold currently has a consensus rating of "Buy" and an average target price of C$4.30.
Check Out Our Latest Stock Report on Liberty Gold
About Liberty Gold
(
Get Free Report)
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.
Further Reading
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