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

Berenberg Bank reiterated their buy rating on shares of Griffin Mining (LON:GFM) in a report published on Tuesday, Marketbeat reports. They currently have a GBX 320 target price on the stock.

Griffin Mining Trading Up 1.0%

LON:GFM opened at GBX 315 on Tuesday. The stock has a market cap of £556.26 million, a PE ratio of 64.29 and a beta of 0.35. Griffin Mining has a fifty-two week low of GBX 146 and a fifty-two week high of GBX 353.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.98 and a quick ratio of 0.98. The stock’s 50-day moving average is GBX 298.44 and its two-hundred day moving average is GBX 235.50.

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”).