Griffin Mining (LON:GFM) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Griffin Mining (LON:GFM) in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 190 ($2.48) target price on the stock.

Griffin Mining Stock Up 2.7 %

Shares of GFM stock opened at GBX 152 ($1.99) on Thursday. Griffin Mining has a 1-year low of GBX 77.20 ($1.01) and a 1-year high of GBX 167 ($2.18). The stock’s fifty day moving average price is GBX 137.45 and its 200 day moving average price is GBX 137.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.98. The company has a market cap of £278.63 million, a price-to-earnings ratio of 2,533.33 and a beta of 0.76.

About Griffin Mining

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for gold, zinc, silver, lead, and base and precious metal deposits. Its principal property is the Caijiaying mine located in Hebei Province, the People's Republic of China.