Jubilee Metals Completes Sale of South African Chrome and PGM Assets to Focus on Zambian Copper

An announcement from Jubilee Metals Group ( (GB:JLP) ) is now available.

Jubilee Metals Group has completed the sale of its South African chrome and PGM operations to One Chrome (Pty) Ltd, confirming that all conditions have been met and that the second cash instalment of US$10 million is expected shortly. With the disposal now finalised, Jubilee is repositioning itself as a pure-play Zambian copper business, aiming to replicate its prior growth in chrome through accelerated expansion of its copper operations, a shift that marks a significant strategic refocus likely to alter its operational profile and risk exposure for investors.

The most recent analyst rating on (GB:JLP) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Jubilee Metals Group stock, see the GB:JLP Stock Forecast page.

Spark’s Take on GB:JLP Stock

According to Spark, TipRanks’ AI Analyst, GB:JLP is a Neutral.

The score is held down primarily by sharply weaker financial performance in the latest year (revenue collapse, negative gross profit, and large net loss) alongside negative free cash flow. Technicals are neutral with mild near-term stabilization but longer-term weakness versus the 200-day average, while valuation cannot be meaningfully assessed due to missing P/E and dividend yield.

To see Spark’s full report on GB:JLP stock, click here.

More about Jubilee Metals Group

Jubilee Metals Group is a metals producer focused on copper operations in Zambia, having previously been a major player in South African chrome and platinum group metals (PGM) production. The company also holds an investment in the Tjate platinum project in South Africa, for which it is exploring monetisation options as it sharpens its strategic focus on copper.

Average Trading Volume: 9,164,414

Technical Sentiment Signal: Sell

Current Market Cap: £107M

For a thorough assessment of JLP stock, go to TipRanks’ Stock Analysis page.