Berenberg Bank Reiterates Buy Rating for Griffin Mining (LON:GFM)

Griffin Mining (LON:GFM)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 190 ($2.47) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 27.52% from the company’s previous close.

Griffin Mining Price Performance

LON GFM remained flat at GBX 149 ($1.93) on Friday. The company’s stock had a trading volume of 616,309 shares, compared to its average volume of 181,635. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The stock has a market capitalization of £273.13 million, a P/E ratio of 1,622.22 and a beta of 0.76. The stock’s fifty day moving average is GBX 148.66 and its two-hundred day moving average is GBX 147.13. Griffin Mining has a 52-week low of GBX 77.20 ($1.00) and a 52-week high of GBX 175 ($2.27).

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for gold, zinc, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China.