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

Griffin Mining (LON:GFM)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 360 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 12.50% from the company’s previous close.

Griffin Mining Trading Down 1.5%

LON GFM opened at GBX 320 on Monday. The firm’s fifty day moving average is GBX 309.41 and its two-hundred day moving average is GBX 290.95. Griffin Mining has a one year low of GBX 172.85 and a one year high of GBX 353.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.98 and a current ratio of 1.32. The firm has a market cap of £565.09 million, a PE ratio of 26.45 and a beta of 0.55.

About Griffin Mining

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”).