Griffin Mining Ltd (GB:GFM)
LSE:GFM
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Griffin Mining
(LSE:GFM)
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Rating:65Neutral
Price Target:
339.00 p
▲(16.49% Upside)
Action:ReiteratedDate:01/30/26
Score is driven by a solid balance sheet and strong price momentum, offset by weakening profitability/cash generation (negative free cash flow) and a very high P/E that limits valuation upside.
Positive Factors
Balance Sheet Strength
Extremely low leverage and a high equity ratio provide durable financial flexibility across commodity cycles. This reduces interest burden, supports capital allocation (capex, exploration, buybacks), and lowers insolvency risk, enabling longer-term investment in the Caijiaying asset.
Negative Factors
Steep Reported Revenue Decline
A large year-over-year revenue contraction signals structural demand or production challenges that can impair scale economics. Continued top-line weakness reduces operating leverage, pressures margins, and limits internal funding for projects or exploration over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage and a high equity ratio provide durable financial flexibility across commodity cycles. This reduces interest burden, supports capital allocation (capex, exploration, buybacks), and lowers insolvency risk, enabling longer-term investment in the Caijiaying asset.
Read all positive factors
Griffin Mining (GFM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£513.88M
Dividend YieldN/A
Average Volume (3M)566.76K
Price to Earnings (P/E)11.8
Beta (1Y)0.28
Revenue Growth-32.18%
EPS Growth-58.29%
CountryUK
Employees497
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.04
Shares Outstanding176,590,160
10 Day Avg. Volume528,413
30 Day Avg. Volume566,764
Financial Highlights & Ratios
PEG Ratio-1.24
Price to Book (P/B)1.25
Price to Sales (P/S)2.39
P/FCF Ratio-241.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£300.00Price Target Upside3.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.35
Revenue Forecast (FY)£203.00M
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 generates revenue primarily through the extraction and sale of zinc and lead concentrates from its Caijiaying mine. The company benefits from selling these concentrates to smelters and traders in China and other international market...
Griffin Mining Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
75
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.30M | 142.60M | 146.02M | 100.01M | 128.87M | 79.09M |
| Gross Profit | 21.20M | 51.25M | 51.84M | 38.25M | 58.42M | 32.67M |
| EBITDA | 15.54M | 42.55M | 52.69M | 35.00M | 53.46M | 27.68M |
| Net Income | 10.25M | 11.35M | 15.24M | 7.70M | 25.38M | 8.91M |
Balance Sheet | ||||||
| Total Assets | 330.58M | 305.75M | 321.22M | 305.59M | 320.53M | 295.48M |
| Cash, Cash Equivalents and Short-Term Investments | 69.65M | 48.76M | 60.01M | 34.14M | 38.16M | 16.43M |
| Total Debt | 550.00K | 620.00K | 739.00K | 852.00K | 971.00K | 383.00K |
| Total Liabilities | 48.44M | 33.08M | 51.47M | 60.13M | 57.96M | 61.77M |
| Stockholders Equity | 282.15M | 272.67M | 269.75M | 245.47M | 262.58M | 233.71M |
Cash Flow | ||||||
| Free Cash Flow | 19.91M | -1.41M | 25.10M | -5.57M | 22.88M | -37.00K |
| Operating Cash Flow | 33.71M | 19.58M | 48.38M | 15.73M | 42.88M | 24.40M |
| Investing Cash Flow | -14.25M | -18.81M | -21.89M | -20.93M | -19.77M | -24.33M |
| Financing Cash Flow | -114.22K | -11.63M | -555.00K | -167.00K | -613.00K | -2.57M |
Griffin Mining Technical Analysis
Positive
291.00
Price Trends
302.73
Negative
269.98
Positive
229.43
Positive
Market Momentum
-10.42
Positive
43.57
Neutral
61.63
Neutral
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 291 is above the 20-day moving average (MA) of 285.70, below the 50-day MA of 302.73, and above the 200-day MA of 229.43, indicating a neutral trend. The MACD of -10.42 indicates Positive momentum. The RSI at 43.57 is Neutral, neither overbought nor oversold. The STOCH value of 61.63 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | £513.88M | 11.82 | 4.19% | ― | -32.18% | -58.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £148.18M | ― | -9.67% | ― | ― | 28.30% | |
52 Neutral | £196.32M | -0.89 | -4.54% | 7.30% | 6.65% | -159.09% | |
50 Neutral | £131.28M | -12.99 | -9.89% | ― | ― | ― | |
48 Neutral | £317.79M | ― | -20.38% | ― | ― | ― | |
46 Neutral | £117.82M | -19.26 | -17.14% | ― | ― | 54.72% |
* Basic Materials Sector Average
GB:GFM
Griffin Mining
291.00
128.50
79.08%
GB:ALL
Atlantic Lithium
14.70
7.30
98.65%
GB:SAV
Savannah Resources
5.10
-0.10
-1.92%
GB:KMR
Kenmare Resources
222.00
-112.46
-33.62%
GB:RBW
Rainbow Rare Earths
23.00
13.25
135.90%
GB:PRE
Pensana Rare Earths PLC
93.60
60.60
183.64%
Griffin Mining Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Griffin Mining Secures Caijiaying Licence Renewal to 2054
Positive
Jan 19, 2026
Griffin Mining has renewed its mining licence for the Caijiaying Mine in China through to 28 August 2054, extending the term to 26 years based on updated resource estimates. The renewal secures long-term mineral rights, production envelopes in Zon...
Business Operations and StrategyRegulatory Filings and Compliance
Griffin Mining on Track for Zone II Commissioning at Caijiaying Mine
Neutral
Dec 3, 2025
Griffin Mining Limited has announced that the commissioning of ore extraction from Zone II at the Caijiaying Mine is on track to begin in the first quarter of 2026. The company continues to support government safety measures, which have impacted p...
Executive/Board Changes
Griffin Mining COO Sells Entire Shareholding
Negative
Nov 10, 2025
Griffin Mining Limited announced that its Chief Operating Officer, John Steel, has sold a total of 200,000 ordinary shares in the company on the London Stock Exchange’s Alternative Investment Market. The transactions, which took place on Nov...
Stock Buyback
Griffin Mining Reduces Share Count with Recent Buyback
Neutral
Nov 7, 2025
Griffin Mining Limited announced the purchase and cancellation of 20,000 of its own ordinary shares at a price of 185 pence per share. This transaction reduces the total number of shares in issue to 176,610,171, which shareholders should use as th...
Stock Buyback
Griffin Mining Reduces Share Count with Recent Buyback
Neutral
Nov 6, 2025
Griffin Mining Limited has announced the purchase and cancellation of 20,000 of its own ordinary shares at a price of 185 pence per share. This transaction reduces the total number of shares in issue to 176,630,171, which shareholders should now u...
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.