Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Griffin Mining ( (GB:GFM) ) has issued an announcement.
Griffin Mining Limited has announced the receipt of $30.3 million in dividends from its Chinese subsidiary, Hebei Hua Ao Mining Industry Company Limited. This boosts the company’s cash reserves outside China to $53.67 million, potentially strengthening its financial position and operational capabilities.
The most recent analyst rating on (GB:GFM) stock is a Buy with a £190.00 price target. To see the full list of analyst forecasts on Griffin Mining stock, see the GB:GFM Stock Forecast page.
Spark’s Take on GB:GFM Stock
According to Spark, TipRanks’ AI Analyst, GB:GFM is a Neutral.
Griffin Mining’s overall stock score reflects a strong position bolstered by positive corporate events, including record production and a share buy-back program, which enhance shareholder value. However, the score is tempered by operational challenges such as declining revenue, profitability margins, and valuation concerns due to a high P/E ratio.
To see Spark’s full report on GB:GFM stock, click here.
More about Griffin Mining
Griffin Mining Limited is a company listed on the Alternative Investment Market (AIM) of the London Stock Exchange, operating primarily in China. It owns and operates the Caijiaying Zinc Gold Mine, which produces zinc, gold, silver, and lead metals in concentrates.
Average Trading Volume: 82,221
Technical Sentiment Signal: Strong Buy
Current Market Cap: £333.4M
For detailed information about GFM stock, go to TipRanks’ Stock Analysis page.