In a report released today, Kate McCutcheon from Citi maintained a Hold rating on Greatland Resources (GGP – Research Report), with a price target of A$8.00. The company’s shares closed today at p324.00.

McCutcheon covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining , and Mineral Resources Limited. According to TipRanks, McCutcheon has an average return of 7.7% and a 61.31% success rate on recommended stocks.

Currently, the analyst consensus on Greatland Resources is a Moderate Buy with an average price target of p191.76, representing a -40.81% downside. In a report released yesterday, MA Financial Group also maintained a Hold rating on the stock with a A$7.50 price target.

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.