Berenberg Bank Issues Positive Forecast for Adriatic Metals (LON:ADT1) Stock Price

Adriatic Metals (LON:ADT1) had its target price lifted by stock analysts at Berenberg Bank from GBX 268 ($3.66) to GBX 277 ($3.78) in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 1.71% from the stock’s current price.

Adriatic Metals Stock Performance

LON ADT1 opened at GBX 272.35 ($3.72) on Thursday. Adriatic Metals has a fifty-two week low of GBX 124.20 ($1.70) and a fifty-two week high of GBX 278.50 ($3.80). The stock has a market cap of £1.11 billion, a price-to-earnings ratio of -20.54 and a beta of 1.12. The business has a fifty day moving average of GBX 233.50 and a 200-day moving average of GBX 215.69. The company has a quick ratio of 23.92, a current ratio of 10.29 and a debt-to-equity ratio of 46.97.

Adriatic Metals Company Profile

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.

The Vares Project 2021 Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% post-tax IRR and a capex of US$168 million.