Adriatic Metals (LON:ADT1) Given New GBX 277 Price Target at Berenberg Bank

Adriatic Metals (LON:ADT1 - Get Free Report) had its price target raised by stock analysts at Berenberg Bank from GBX 268 ($3.66) to GBX 277 ($3.78) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has a "hold" rating on the stock. Berenberg Bank's price target points to a potential upside of 2.59% from the company's current price.

Adriatic Metals Price Performance

Shares of LON:ADT1 traded down GBX 2 ($0.03) during trading on Thursday, reaching GBX 270 ($3.69). The stock had a trading volume of 54,647 shares, compared to its average volume of 258,339. Adriatic Metals has a 52 week low of GBX 124.20 ($1.70) and a 52 week high of GBX 278.50 ($3.80). The business's 50-day moving average price is GBX 233.50 and its 200 day moving average price is GBX 215.83. The company has a debt-to-equity ratio of 46.97, a current ratio of 10.29 and a quick ratio of 23.92. The stock has a market capitalization of £1.10 billion, a PE ratio of -20.36 and a beta of 1.12.

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.