Griffin Mining (LON:GFM) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank restated their buy rating on shares of Griffin Mining (LON:GFM) in a research report released on Friday morning, MarketBeat.com reports. The firm currently has a GBX 190 ($2.47) target price on the stock.

Griffin Mining Stock Performance

Shares of GFM stock opened at GBX 150 ($1.95) on Friday. The firm’s 50 day moving average price is GBX 149.32 and its 200-day moving average price is GBX 147.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. Griffin Mining has a one year low of GBX 77.20 ($1.00) and a one year high of GBX 175 ($2.27). The firm has a market cap of £274.97 million, a P/E ratio of 1,666.67 and a beta of 0.76.

Griffin Mining Company Profile

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.