Griffin Mining (GFM) Share Price, News & Analysis

Company Overview

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”). The Company has held an interest in Hebei Hua Ao since 1997 having financed, explored and managed the development of the Caijiaying Mine from the discovery of mineralisation to currently extracting and processing the annualised equivalent of 1.5 million tonnes of ore per annum to extract primarily zinc, together with gold, silver, and lead in concentrate. The Caijiaying Mine is an operating zinc, gold, silver, and lead mine, together with processing plant, camp and supporting facilities, located approximately 250 kilometres by road, north-west of Beijing in the Hebei Province of the PRC. The Caijiaying Mine is easily accessible by freeway from Beijing. The site has significant water supplies, on site solar farm together with two 35,000 volt power lines connected to the electricity grid, full connectivity to fixed and mobile telecommunications systems and broadband access for internet services The Caijiaying Mine was commissioned on time and on budget in 2005. Numerous upgrades to the Caijiaying Mine have taken place since commissioning leading to the current name plate mill throughput capacity of 1.5 million tonnes of ore per annum. Mining rates solely from Zone III have now reached the equivalent of 1.5 million tonnes of ore per annum. The development of Zone II at the Caijiaying Mine, now being undertaken, will enable current and possibly higher production rates in the future. To date Griffin has invested some $400 million on acquiring its interest in the Caijiaying Mine and in the development and construction of the workings and processing facilities financed mainly from internally generated funds. The Company also holds a 90% interest in Hebei Sino Anglo Mining Development Company Limited (“Hebei Anglo”), which has interests in exploration licences immediately surrounding the Hebei Hua Ao licence area. The Company continues to explore, expand, and develop the Caijiaying Mine whilst also investigating potential acquisitions of mining projects that are capable, through either advanced exploration or mining expertise, of being brought into production.

Key Stats

• Today's Range: 297.85 to 305
• 50-Day Range: 293 to 325
• 52-Week Range: 176 to 353.75
• Volume: 6,524 shs
• Average Volume: 94,962 shs
• Market Capitalization: £525.98 million
• P/E Ratio: 24.62
• Dividend Yield: 2.49%
• Price Target: GBX 300
• Consensus Rating: Buy

Griffin Mining Stock Analysis - MarketRank™

Griffin Mining scored higher than 22% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.8 / 5
• Analyst Rating: Buy

Consensus Rating

Griffin Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no strong buy ratings, 2 buy ratings, no hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Griffin Mining is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Griffin Mining has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Griffin Mining is 24.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.19.

Price to Earnings Ratio vs. Sector

The P/E ratio of Griffin Mining is 24.62, which means that it is trading at a more expensive P/E ratio than the Materials sector average P/E ratio of about 20.09.

Price to Book Value per Share Ratio

Griffin Mining has a P/B Ratio of 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for GFM.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Griffin Mining pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Griffin Mining does not have a long track record of dividend growth.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: N/A

News Sentiment

Griffin Mining has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Griffin Mining this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Griffin Mining insiders have not sold or bought any company stock.

Percentage Held by Insiders

21.96% of the stock of Griffin Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

0.14% of the stock of Griffin Mining is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Materials
• Industry: Metals & Mining
• Sub-Industry: N/A
• Current Symbol: LON:GFM
• CIK: N/A
• Web: www.griffinmining.com
• Phone: +44-20-76297772
• Fax: N/A
• Employees: 448
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Griffin Mining: GBX 300
• High Price Target: GBX 360
• Low Price Target: GBX 240
• Potential Upside/Downside: +0.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 12.10
• Trailing P/E Ratio: 24.62
• Forward P/E Ratio: 1,901.45
• P/E Growth: N/A
• Net Income: £25.84 million
• Net Margins: 20.09%
• Pretax Margin: N/A
• Return on Equity: 8.42%
• Return on Assets: 6.85%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 1.32
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: £144.34 million
• Price / Sales: 3.64
• Cash Flow: GBX 61.27 per share
• Price / Cash Flow: 4.86
• Book Value: GBX 143.39 per share
• Price / Book: 2.08

Miscellaneous

• Outstanding Shares: 176,592,000
• Free Float: N/A
• Market Cap: £525.98 million
• Optionable: Not Optionable
• Beta: 0.51