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

Griffin Mining (LON:GFM - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 190 ($2.35) target price on the stock. Berenberg Bank's price target indicates a potential upside of 25.83% from the company's previous close.

Griffin Mining Price Performance

Shares of GFM traded up GBX 5 ($0.06) during mid-day trading on Thursday, reaching GBX 151 ($1.87). 105,703 shares of the stock traded hands, compared to its average volume of 166,095. The company has a market cap of £276.80 million, a price-to-earnings ratio of 1,677.78 and a beta of 0.76. Griffin Mining has a 1 year low of GBX 86.50 ($1.07) and a 1 year high of GBX 175 ($2.17). The firm has a fifty day moving average price of GBX 146.02 and a 200 day moving average price of GBX 145.81. The company has a current ratio of 1.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

Griffin Mining Company Profile

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”).