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

Griffin Mining (LON:GFM – Get Rating)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Monday, Marketbeat Ratings reports. They presently have a GBX 175 ($2.20) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 81.16% from the stock’s current price.

Shares of Griffin Mining stock opened at GBX 96.60 ($1.22) on Monday. The business has a 50-day moving average of GBX 107.64 and a 200 day moving average of GBX 98.45. Griffin Mining has a 12 month low of GBX 80 ($1.01) and a 12 month high of GBX 141.50 ($1.78). The stock has a market capitalization of £168.04 million and a price-to-earnings ratio of 9.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.75.

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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