Griffin Mining (LON:GFM) Price Target Lowered to GBX 340 at Berenberg Bank

Griffin Mining (LON:GFM) had its price target dropped by equities researchers at Berenberg Bank from GBX 360 to GBX 340 in a research note issued to investors on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 24.09% from the company’s current price.

Griffin Mining Stock Performance

LON GFM opened at GBX 274 on Thursday. The company has a fifty day moving average price of GBX 292.29 and a 200-day moving average price of GBX 300.64. The firm has a market cap of £483.86 million, a price-to-earnings ratio of 22.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.98. Griffin Mining has a 1 year low of GBX 176 and a 1 year high of GBX 353.75.

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”).