Griffin Mining’s (GFM) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Griffin Mining (LON:GFM) in a research note published on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 140 ($1.73) target price on the stock.

Griffin Mining Stock Performance

Shares of Griffin Mining stock opened at GBX 152 ($1.88) on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The company has a market cap of £280.49 million, a PE ratio of 3,800.00 and a beta of 0.89. The business has a 50 day moving average price of GBX 114.06 and a 200-day moving average price of GBX 97.88. Griffin Mining has a 52 week low of GBX 75 ($0.93) and a 52 week high of GBX 152 ($1.88).

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.