Griffin Mining Ltd (GB:GFM)
LSE:GFM
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Griffin Mining
(LSE:GFM)
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Rating:77Outperform
Price Target:
348.00 p
▲(16.78% Upside)
Action:Upgraded
Date:05/16/26
The score is driven primarily by strong financial performance—especially the very conservative balance sheet and improved 2025 profitability/cash flow—offset by historical variability in revenue and free cash flow. Technicals add support with an overall upward trend and moderate momentum, while valuation appears reasonable based on the P/E.
Positive Factors
Conservative balance sheet
Extremely low debt and very low leverage provide durable financial flexibility across cycles. This reduces interest burden, lowers refinancing risk, and gives the company capacity to fund maintenance capex or opportunistic investment during commodity downturns without stressing liquidity.
Negative Factors
Revenue & FCF volatility
Material year-to-year swings in revenue and free cash flow reflect operational and market variability. For a mining business, this undermines predictability of earnings and cash available for investment, complicating multi-year budgeting and reducing visibility for creditors and investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low debt and very low leverage provide durable financial flexibility across cycles. This reduces interest burden, lowers refinancing risk, and gives the company capacity to fund maintenance capex or opportunistic investment during commodity downturns without stressing liquidity.
Read all positive factors
Griffin Mining (GFM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£572.15M
Dividend YieldN/A
Average Volume (3M)566.76K
Price to Earnings (P/E)33.0
Beta (1Y)0.17
Revenue Growth-1.71%
EPS Growth94.27%
CountryUK
Employees497
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.13
Shares Outstanding176,590,160
10 Day Avg. Volume528,413
30 Day Avg. Volume566,764
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.37
Price to Sales (P/S)4.70
P/FCF Ratio33.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£340.00Price Target Upside14.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)£142.50M
Griffin Mining Business Overview & Revenue Model
Company Description
Griffin Mining Limited, a mining and investment company, engages in the mining, exploration, and development of mineral properties. The company primarily explores for zinc, gold, silver, lead, and base and precious metal deposits. Its principal pr...
How the Company Makes Money
Griffin Mining primarily makes money by mining ore and selling produced metal concentrates, with zinc concentrate as the main revenue driver and by-product credits from associated metals (including gold, silver, and lead) contributing additional r...
Griffin Mining Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 140.38M | 142.60M | 146.02M | 100.01M | 128.87M |
| Gross Profit | 59.67M | 51.25M | 51.84M | 38.25M | 58.42M |
| EBITDA | 53.94M | 42.55M | 52.69M | 35.00M | 53.46M |
| Net Income | 22.52M | 11.35M | 15.24M | 7.70M | 25.38M |
Balance Sheet | |||||
| Total Assets | 324.80M | 305.75M | 321.22M | 305.59M | 320.53M |
| Cash, Cash Equivalents and Short-Term Investments | 47.56M | 48.76M | 60.01M | 34.14M | 38.16M |
| Total Debt | 457.16K | 620.00K | 739.00K | 852.00K | 971.00K |
| Total Liabilities | 46.39M | 33.08M | 51.47M | 60.13M | 57.96M |
| Stockholders Equity | 278.41M | 272.67M | 269.75M | 245.47M | 262.58M |
Cash Flow | |||||
| Free Cash Flow | 19.93M | -1.41M | 25.10M | -5.57M | 22.88M |
| Operating Cash Flow | 56.81M | 19.58M | 48.38M | 15.73M | 42.88M |
| Investing Cash Flow | -36.54M | -18.81M | -21.89M | -20.93M | -19.77M |
| Financing Cash Flow | -20.95M | -11.63M | -555.00K | -167.00K | -613.00K |
Griffin Mining Technical Analysis
Positive
298.00
Price Trends
299.33
Positive
302.19
Positive
253.58
Positive
Market Momentum
5.15
Negative
59.11
Neutral
80.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GFM, the sentiment is Positive. The current price of 298 is below the 20-day moving average (MA) of 313.52, below the 50-day MA of 299.33, and above the 200-day MA of 253.58, indicating a bullish trend. The MACD of 5.15 indicates Negative momentum. The RSI at 59.11 is Neutral, neither overbought nor oversold. The STOCH value of 80.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:GFM.
Griffin Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £572.15M | 32.97 | 8.42% | ― | -1.71% | 94.27% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | £167.93M | -29.24 | -78.51% | ― | ― | -37.29% | |
52 Neutral | £191.02M | -0.78 | -34.92% | 7.30% | -22.99% | -583.84% | |
51 Neutral | £176.68M | -43.02 | -9.10% | ― | ― | 14.29% | |
48 Neutral | £336.90M | -47.83 | -20.38% | ― | ― | -88.27% | |
46 Neutral | £131.85M | -35.40 | -15.04% | ― | ― | 36.62% |
* Basic Materials Sector Average
GB:GFM
Griffin Mining
322.00
157.00
95.15%
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Griffin Mining Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Griffin Mining Secures Caijiaying’s Future as Profits Surge in 2025
Positive
May 12, 2026
Griffin Mining has published its 2025 results, highlighting a pivotal year in which it secured the renewal of the Caijiaying Mine’s licence to 2054 and advanced the long-delayed Zone II, including the first production blast and extensive und...
Business Operations and Strategy
Griffin Mining Starts Ore Production from New Zone at Caijiaying Mine
Positive
Apr 21, 2026
Griffin Mining has begun production from Zone II at its Caijiaying Mine in China after successfully completing the first production blast on 20 April 2026. The milestone follows the completion of 19.4 kilometres of mandated mine development and 62...
Business Operations and StrategyFinancial Disclosures
Griffin Mining Marks Green Milestone as Caijiaying Mine Goes Fully Renewable
Positive
Mar 10, 2026
Griffin Mining has transitioned its Caijiaying Mine to run entirely on renewable energy from solar and wind power, while also implementing waste management practices that achieve full underground tailings consumption via paste-fill. These steps fu...
Business Operations and StrategyRegulatory Filings and Compliance
Griffin Mining Corrects Assay Error as Caijiaying Gold Output Ramps Up
Positive
Feb 18, 2026
Griffin Mining has corrected an earlier announcement after discovering that some assay intervals for its Caijiaying gold results were misquoted in the narrative, although the underlying assay table remained accurate. The company said the final dra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.