Berenberg Bank Increases Griffin Mining (LON:GFM) Price Target to GBX 340

Griffin Mining (LON:GFM) had its price target upped by stock analysts at Berenberg Bank from GBX 300 to GBX 340 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 8.63% from the stock’s current price.

Griffin Mining Trading Down 1.6%

Griffin Mining stock opened at GBX 313 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of GBX 295.40 and a two-hundred day moving average price of GBX 266.47. The firm has a market capitalization of £552.73 million, a price-to-earnings ratio of 63.88 and a beta of 0.54. Griffin Mining has a 52-week low of GBX 153.48 and a 52-week high of GBX 353.75.

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”).