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

Griffin Mining (LON:GFM)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Tuesday, Marketbeat.com reports. They presently have a GBX 200 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 2.34% from the company’s previous close.

Griffin Mining Price Performance

Shares of LON:GFM opened at GBX 195.42 on Tuesday. Griffin Mining has a one year low of GBX 137 and a one year high of GBX 206.95. The stock has a fifty day moving average of GBX 188.15 and a 200-day moving average of GBX 180.76. The company has a market capitalization of £359.97 million, a PE ratio of 3,214.11 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76.

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”).