Griffin Mining’s (GFM) “Buy” Rating Reiterated at Berenberg Bank

Griffin Mining (LON:GFM)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 190 ($2.38) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 22.58% from the stock’s current price.

Griffin Mining Stock Up 6.2 %

Shares of LON GFM traded up GBX 9 ($0.11) during mid-day trading on Thursday, hitting GBX 155 ($1.94). The company had a trading volume of 104,122 shares, compared to its average volume of 166,095. The company has a market capitalization of £284.13 million, a PE ratio of 1,722.22 and a beta of 0.76. The business’s 50-day simple moving average is GBX 146 and its 200 day simple moving average is GBX 145.78. Griffin Mining has a 1-year low of GBX 86.50 ($1.08) and a 1-year high of GBX 175 ($2.19). The company has a debt-to-equity ratio of 0.25, a current ratio of 1.76 and a quick ratio of 0.98.

Griffin Mining Company Profile

Griffin Mining Limited (“Griffin” or “the Company”) is a mining and investment company, incorporated in Bermuda in 1988 whose shares were admitted to trading on the Alternative Investment Market of the London Stock Exchange (“AIM”) in 1997.
The major asset of the Company is an 88.8% interest in Hebei Hua Ao Mining Industry Company Limited (“Hebei Hua Ao”) through its wholly-owned Hong Kong subsidiary, China Zinc Limited (“China Zinc”), which holds licences, the operating mine and processing facilities (the “Caijiaying Mine”) near Zhangjiakou City in the People’s Republic of China (“PRC” or “China”).