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

Griffin Mining (LON:GFM)‘s stock had its “buy” rating reissued by Berenberg Bank in a note issued to investors on Friday, MarketBeat Ratings reports. They presently have a GBX 190 ($2.47) price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 26.67% from the company’s previous close.

Griffin Mining Stock Performance

LON:GFM opened at GBX 150 ($1.95) on Friday. The stock has a market capitalization of £274.97 million, a price-to-earnings ratio of 1,666.67 and a beta of 0.76. Griffin Mining has a 52 week low of GBX 77.20 ($1.00) and a 52 week high of GBX 175 ($2.27). 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 50 day moving average of GBX 149.32 and a 200 day moving average of GBX 147.55.

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.