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

Griffin Mining (LON:GFM) had its price target lowered by Berenberg Bank from GBX 360 to GBX 340 in a research report report published on Thursday,Digital Look reports. The firm currently has a buy rating on the stock.

Griffin Mining Stock Down 4.8%

GFM opened at GBX 280 on Thursday. The company’s 50-day moving average is GBX 291.24 and its 200 day moving average is GBX 300.25. Griffin Mining has a fifty-two week low of GBX 176 and a fifty-two week high of GBX 353.75. The firm has a market capitalization of £494.46 million, a P/E ratio of 23.14 and a beta of 0.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 0.98.

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”).