Berenberg Bank Reiterates “Buy” Rating for Griffin Mining (LON:GFM)

Berenberg Bank reaffirmed their buy rating on shares of Griffin Mining (LON:GFM) in a report issued on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 200 target price on the stock.

Griffin Mining Price Performance

Shares of GFM opened at GBX 198 on Tuesday. The company has a 50 day moving average price of GBX 188.14 and a 200-day moving average price of GBX 181.01. Griffin Mining has a fifty-two week low of GBX 137 and a fifty-two week high of GBX 206.95. The stock has a market capitalization of £364.72 million, a PE ratio of 3,256.58 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76.

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”).