Griffin Mining (LON:GFM) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Griffin Mining (LON:GFM) had its price target boosted by Berenberg Bank from GBX 190 ($2.59) to GBX 200 ($2.73) in a research report released on Thursday, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

Griffin Mining Trading Up 1.5%

Shares of Griffin Mining stock opened at GBX 194.79 ($2.66) on Thursday. The firm has a market cap of £449.27 million, a price-to-earnings ratio of 21.76 and a beta of 0.76. Griffin Mining has a 52-week low of GBX 115 ($1.57) and a 52-week high of GBX 205.36 ($2.80). The company’s 50-day simple moving average is GBX 176.35 and its 200-day simple moving average is GBX 170.11. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.25.

Griffin Mining Company Profile

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”).