Adriatic Metals (LON:ADT1) Reaches New 1-Year High - Time to Buy?

Key Points

• Adriatic Metals PLC has reached a new 12-month high, trading at GBX 299 ($4.06), reflecting a positive momentum in its stock performance.
• Berenberg Bank upgraded the company's target price from GBX 268 ($3.64) to GBX 277 ($3.76), maintaining a "hold" rating.
• The company is advancing significant projects, including the Vares Silver Project in Bosnia & Herzegovina, which boasts a post-tax NPV8 of US$1,062 million.

Adriatic Metals PLC (LON:ADT1 - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 299 ($4.03) and last traded at GBX 298 ($4.02), with a volume of 103819 shares traded. The stock had previously closed at GBX 293.50 ($3.96).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on shares of Adriatic Metals from GBX 268 to GBX 277 and gave the company a "hold" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Adriatic Metals currently has an average rating of "Hold" and a consensus target price of GBX 277.

Adriatic Metals Stock Down 0.5%

The company has a debt-to-equity ratio of 46.97, a quick ratio of 23.92 and a current ratio of 10.29. The stock has a market cap of £1.21 billion, a PE ratio of -22.33 and a beta of 1.12. The company's 50-day moving average price is GBX 278.52 and its 200 day moving average price is GBX 234.70.

About Adriatic Metals

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia. The Vares Project 2021 Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% post-tax IRR and a capex of US$168 million.