LON:TIN (LON:TIN) Issues Earnings Results

LON:TIN (LON:TIN) announced its quarterly earnings results on Thursday. The company reported GBX (4) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

LON:TIN Stock Down 1.0%

Shares of LON:TIN stock opened at GBX 103 on Thursday. The firm’s fifty day simple moving average is GBX 108.69. The company has a market cap of £129.24 million and a P/E ratio of -14.71. LON:TIN has a 1-year low of GBX 76 and a 1-year high of GBX 150.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 151 price objective on shares of LON:TIN in a report on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 151.

LON:TIN Company Profile

Cornish Metals (AIM: TIN) is a mineral exploration and development company advancing the restart of production from the historic South Crofty Tin Mine in Cornwall. South Crofty is the highest-grade tin resource not currently in production and is fully permitted, 100% owned, and supported by extensive existing underground infrastructure. Tin is a UK-designated Critical Mineral, essential to electronics, electrification and the energy transition, and South Crofty has the potential to become the first primary tin producer in Europe or North America.

Following its re-domiciliation to the UK and sole listing on AIM, Cornish Metals is aligned with its flagship asset, stakeholders and long-term strategy.