Berenberg Bank Reaffirms “Buy” Rating for Griffin Mining (LON:GFM)

Berenberg Bank reaffirmed their buy rating on shares of Griffin Mining (LON:GFM) in a research note released on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 190 ($2.36) target price on the stock.

Griffin Mining Price Performance

LON:GFM opened at GBX 159 ($1.98) on Thursday. The firm has a market capitalization of £291.46 million, a price-to-earnings ratio of 1,766.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The stock has a fifty day moving average of GBX 146.22 and a 200 day moving average of GBX 145.85. 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”).