Griffin Mining (LON:GFM) Receives "Buy" Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Griffin Mining (LON:GFM) with a price objective of GBX 200, suggesting a potential upside of 2.34% from the current stock price.
• Griffin Mining's shares opened at GBX 195.42, with a 12-month range between GBX 137 and GBX 206.95.
• The company holds an 88.8% interest in a mining operation in China, specifically the Caijiaying Mine, which is its major asset.

Griffin Mining (LON:GFM - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a GBX 200 price target on the stock. Berenberg Bank's target price indicates a potential upside of 4.71% from the stock's previous close.

Griffin Mining Stock Down 3.5%

GFM stock traded down GBX 7 during trading hours on Tuesday, reaching GBX 191. 70,464 shares of the stock were exchanged, compared to its average volume of 84,140. The firm's 50-day moving average is GBX 188.06 and its 200-day moving average is GBX 181.03. The company has a market cap of £351.83 million, a price-to-earnings ratio of 3,141.45 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.76 and a quick ratio of 0.98. Griffin Mining has a 12 month low of GBX 137 and a 12 month high of GBX 206.95.

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”).