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

Berenberg Bank reiterated their buy rating on shares of Griffin Mining (LON:GFM) in a report issued on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 140 ($1.77) price target on the stock.

Griffin Mining Stock Performance

Shares of GFM stock opened at GBX 135 ($1.71) on Thursday. Griffin Mining has a 12-month low of GBX 75 ($0.95) and a 12-month high of GBX 135 ($1.71). The business has a 50 day simple moving average of GBX 106.36 and a 200 day simple moving average of GBX 95.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 0.98. The firm has a market capitalization of £249.12 million, a price-to-earnings ratio of 3,375.00 and a beta of 0.89.

About Griffin Mining

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