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

Griffin Mining (LON:GFM)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 190 ($2.36) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 19.50% from the company’s current price.

Griffin Mining Price Performance

LON GFM opened at GBX 159 ($1.98) on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of £291.46 million, a P/E ratio of 1,766.67 and a beta of 0.76. The company has a 50-day moving average price of GBX 146.22 and a 200-day moving average price of GBX 145.91. Griffin Mining has a 52 week low of GBX 86.50 ($1.07) and a 52 week high of GBX 175 ($2.17).

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”).