Griffin Mining (LON:GFM - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a report issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 200 target price on the stock. Berenberg Bank's target price points to a potential upside of 4.71% from the company's previous close.
Griffin Mining Stock Down 3.5%
LON:GFM traded down GBX 7 during trading hours on Tuesday, reaching GBX 191. The company's stock had a trading volume of 70,464 shares, compared to its average volume of 84,140. 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 company has a market cap of £351.83 million, a price-to-earnings ratio of 3,141.45 and a beta of 0.76. Griffin Mining has a one year low of GBX 137 and a one year high of GBX 206.95. The business's 50-day moving average is GBX 188.06 and its 200-day moving average is GBX 181.06.
About Griffin Mining
(
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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”).
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