Griffin Mining (LON:GFM) Hits New 12-Month High – Still a Buy?

Griffin Mining Limited (LON:GFM)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 194.75 ($2.52) and last traded at GBX 189.25 ($2.45), with a volume of 73090 shares trading hands. The stock had previously closed at GBX 189 ($2.45).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 190 ($2.46) target price on shares of Griffin Mining in a research note on Thursday, January 2nd.

Griffin Mining Stock Performance

The company’s 50 day simple moving average is GBX 165.76 and its 200 day simple moving average is GBX 154.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.76. The stock has a market cap of £426.69 million, a PE ratio of 20.67 and a beta of 0.76.

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”).