Griffin Mining’s (GFM) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Griffin Mining (LON:GFM) in a report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 190 ($2.36) price target on the stock.

Griffin Mining Stock Performance

LON:GFM opened at GBX 159 ($1.98) on Thursday. Griffin Mining has a 1 year low of GBX 86.50 ($1.07) and a 1 year high of GBX 175 ($2.17). 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 business has a fifty day simple moving average of GBX 146.22 and a two-hundred day simple moving average of GBX 145.85. The company has a market capitalization of £291.46 million, a P/E ratio of 1,766.67 and a beta of 0.76.

About Griffin Mining

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”).