LON:TIN (LON:TIN) Announces Quarterly Earnings Results

LON:TIN (LON:TIN) released its quarterly earnings results on Thursday. The company reported GBX (4) EPS for the quarter, Digital Look Earnings reports.

LON:TIN Trading Down 1.0%

LON:TIN opened at GBX 103 on Thursday. The business’s 50-day moving average price is GBX 108.69. LON:TIN has a 52-week low of GBX 76 and a 52-week high of GBX 150. The firm has a market capitalization of £129.24 million and a price-to-earnings ratio of -14.71.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 151 price objective on shares of LON:TIN in a report on Thursday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, LON:TIN presently has an average rating of “Buy” and an average price target of GBX 151.

LON:TIN Company Profile

Cornish Metals (AIM: TIN) is a mineral exploration and development company advancing the restart of production from the historic South Crofty Tin Mine in Cornwall. South Crofty is the highest-grade tin resource not currently in production and is fully permitted, 100% owned, and supported by extensive existing underground infrastructure. Tin is a UK-designated Critical Mineral, essential to electronics, electrification and the energy transition, and South Crofty has the potential to become the first primary tin producer in Europe or North America.

Following its re-domiciliation to the UK and sole listing on AIM, Cornish Metals is aligned with its flagship asset, stakeholders and long-term strategy.