Berenberg Bank Reiterates Buy Rating for Griffin Mining (LON:GFM)
by Danessa Lincoln · The Markets DailyGriffin Mining (LON:GFM – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 360 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 12.50% from the company’s previous close.
Griffin Mining Stock Down 1.5%
Griffin Mining stock opened at GBX 320 on Monday. Griffin Mining has a fifty-two week low of GBX 172.85 and a fifty-two week high of GBX 353.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.98 and a current ratio of 1.32. The company has a market capitalization of £565.09 million, a P/E ratio of 26.45 and a beta of 0.55. The stock has a 50-day simple moving average of GBX 309.41 and a 200-day simple moving average of GBX 290.95.
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”).