Berenberg Bank Reiterates Buy Rating for Griffin Mining (LON:GFM)

Griffin Mining (LON:GFMGet Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 140 ($1.73) price objective on the stock. Berenberg Bank’s price objective would suggest a potential downside of 4.11% from the stock’s current price.

Griffin Mining Price Performance

Shares of GFM opened at GBX 146 ($1.80) on Wednesday. The stock has a market capitalization of £269.41 million, a P/E ratio of 3,650.00 and a beta of 0.89. Griffin Mining has a twelve month low of GBX 75 ($0.93) and a twelve month high of GBX 146 ($1.80). The company has a 50 day moving average of GBX 113.07 and a 200-day moving average of GBX 97.54. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.31.

About Griffin Mining

(Get Free Report)

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.

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