Griffin Mining (LON:GFM) Given New GBX 190 Price Target at Berenberg Bank

Griffin Mining (LON:GFM - Get Free Report) had its target price increased by stock analysts at Berenberg Bank from GBX 180 ($2.31) to GBX 190 ($2.43) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 26.67% from the company's previous close.

Griffin Mining Price Performance

LON:GFM remained flat at GBX 150 ($1.92) during mid-day trading on Wednesday. The company had a trading volume of 73,574 shares, compared to its average volume of 204,208. Griffin Mining has a 52 week low of GBX 75 ($0.96) and a 52 week high of GBX 167 ($2.14). The firm has a market cap of £276.35 million, a price-to-earnings ratio of 2,500.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 0.98. The firm's 50-day moving average is GBX 154.95 and its 200 day moving average is GBX 123.93.

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.