Griffin Mining’s (GFM) Buy Rating Reaffirmed at Berenberg Bank

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

Griffin Mining Trading Up 6.2 %

Shares of LON:GFM traded up GBX 9 ($0.11) during midday trading on Thursday, reaching GBX 155 ($1.94). 104,122 shares of the company’s stock were exchanged, compared to its average volume of 166,095. The firm’s 50 day simple moving average is GBX 146 and its two-hundred day simple moving average is GBX 145.78. Griffin Mining has a fifty-two week low of GBX 86.50 ($1.08) and a fifty-two week 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. The stock has a market cap of £284.13 million, a price-to-earnings ratio of 1,722.22 and a beta of 0.76.

About Griffin Mining

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”).