Griffin Mining (LON:GFM) Earns Buy Rating from Berenberg Bank

Griffin Mining (LON:GFM – Get Rating)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They currently have a GBX 175 ($2.23) price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 55.30% from the company’s previous close.

Shares of LON GFM opened at GBX 112.69 ($1.44) on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.75 and a current ratio of 0.92. The company has a market capitalization of £196.02 million and a P/E ratio of 12.12. The business has a 50-day moving average of GBX 104.40. Griffin Mining has a 1-year low of GBX 80 ($1.02) and a 1-year high of GBX 149 ($1.90).

About Griffin Mining (Get Rating)

Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for zinc, gold, 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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