Berenberg Bank Reaffirms Buy Rating for LON:TIN (LON:TIN)

LON:TIN (LON:TIN)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 153 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 47.83% from the company’s current price.

LON:TIN Stock Performance

Shares of TIN stock opened at GBX 103.50 on Monday. The company’s 50-day moving average is GBX 106.59. LON:TIN has a 1-year low of GBX 76 and a 1-year high of GBX 150. The company has a market capitalization of £129.86 million and a P/E ratio of -14.79.

LON:TIN (LON:TIN) last posted its earnings results on Thursday, September 24th. The company reported GBX (4) EPS for the quarter.

About LON:TIN

Cornish Metals (AIM: TIN) is a mineral exploration and development company advancing the restart of production from the historic South Crofty Tin Mine in Cornwall. South Crofty is the highest-grade tin resource not currently in production and is fully permitted, 100% owned, and supported by extensive existing underground infrastructure. Tin is a UK-designated Critical Mineral, essential to electronics, electrification and the energy transition, and South Crofty has the potential to become the first primary tin producer in Europe or North America.

Following its re-domiciliation to the UK and sole listing on AIM, Cornish Metals is aligned with its flagship asset, stakeholders and long-term strategy.