Griffin Mining (GFM) AI Stock Analysis

• Market Cap: £362.18M
• Dividend Yield: N/A
• Average Volume (3M): 566.76K
• Price to Earnings (P/E): 55.4
• Beta (1Y): 0.27
• Revenue Growth: -32.18%
• EPS Growth: -58.29%
• Country: UK
• Employees: 497
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.04
• Shares Outstanding: 176,672,180
• 10 Day Avg. Volume: 528,413
• 30 Day Avg. Volume: 566,764
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £223.33
• Price Target Upside: 8.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 56 Neutral
• Price Target: 190.00p ▼(-7.32% Downside)

Griffin Mining's overall stock score reflects a stable financial position but highlights concerns over declining profitability and cash flow challenges. The technical analysis indicates a neutral to slightly bearish outlook, while the high P/E ratio suggests potential overvaluation. The absence of a dividend yield further impacts the stock's attractiveness.

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 property is the Caijiaying mine located in Hebei Province, the People's Republic of China. The company was formerly known as European Mining Finance Ltd. and changed its name to Griffin Mining Limited in January 1998. Griffin Mining Limited was founded in 1988 and is based in London, the United Kingdom.

How the Company Makes Money

Griffin Mining generates revenue primarily through the sale of zinc concentrate produced at its Caijiaying mine. The company benefits from the global demand for zinc, which is used in various applications including galvanization, alloys, and batteries. Revenue is significantly influenced by fluctuations in zinc prices on international markets. Additionally, Griffin Mining has established partnerships with local and international buyers to secure sales agreements for its products, which provide a stable revenue stream. The company's focus on efficient production and cost management also contributes to its profitability, allowing it to capitalize on favorable market conditions.

Griffin Mining Financial Statement Overview

Summary

Griffin Mining shows a stable financial position with a strong balance sheet and adequate liquidity. However, declining revenue and profitability margins, coupled with negative free cash flow, highlight potential operational challenges and the need for improved cost management and revenue growth strategies.

Income Statement

Griffin Mining's income statement shows a mixed performance. Gross profit margin in the latest year was about 35.9%, which is healthy for the industry, but the net profit margin declined to 7.9% from 10.4% the previous year, indicating potential challenges in cost management or pricing pressures. Revenue decreased by 2.3% year-over-year, which reflects a contraction in sales. The EBIT and EBITDA margins also decreased year-over-year, suggesting declining operational efficiency.

Balance Sheet

The balance sheet is strong, with a very low debt-to-equity ratio of 0.002, indicating minimal leverage. The equity ratio is high at approximately 89.2%, showcasing strong equity financing. Return on Equity (ROE) is modest at 4.2%, reflecting stable but not exceptional shareholder returns. The company maintains a solid cash position, which supports financial flexibility.

Cash Flow

Cash flow analysis indicates some weaknesses. There was a negative free cash flow of -$1.41 million in the latest year, a decline from $25.1 million the previous year, signaling potential issues with cash generation or increased capital expenditures. The operating cash flow to net income ratio is 1.72, which is healthy, but the free cash flow to net income ratio is negative, highlighting concerns in operational cash sufficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	162.25M	142.60M	146.02M	100.01M	128.87M	79.09M
Gross Profit	68.56M	51.25M	51.84M	38.25M	58.42M	32.67M
EBITDA	62.06M	42.55M	52.69M	35.22M	53.46M	27.68M
Net Income	21.34M	11.35M	15.24M	7.70M	25.38M	8.91M
Balance Sheet
Total Assets	324.43M	305.75M	321.22M	305.59M	320.53M	295.48M
Cash, Cash Equivalents and Short-Term Investments	65.25M	48.76M	60.01M	34.14M	38.16M	16.43M
Total Debt	677.00K	620.00K	739.00K	852.00K	971.00K	383.00K
Total Liabilities	51.26M	33.08M	51.47M	60.13M	57.96M	61.77M
Stockholders Equity	273.16M	272.67M	269.75M	245.47M	262.58M	233.71M
Cash Flow
Free Cash Flow	27.02M	-1.41M	25.10M	-5.57M	22.88M	-37.00K
Operating Cash Flow	50.96M	19.58M	48.38M	15.73M	42.88M	24.40M
Investing Cash Flow	-22.78M	-18.81M	-21.89M	-20.93M	-19.77M	-24.33M
Financing Cash Flow	-10.99M	-11.63M	-555.00K	-167.00K	-613.00K	-2.57M

Griffin Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 205.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 205 is above the 20-day moving average (MA) of 189.63, above the 50-day MA of 188.63, and above the 200-day MA of 178.84, indicating a bullish trend. The MACD of 4.05 indicates Negative momentum. The RSI at 63.72 is Neutral, neither overbought nor oversold. The STOCH value of 81.06 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ECOR	63 Neutral	£216.66M	9.71	-6.87%	2.19%	-63.09%	-253.25%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JLP	61 Neutral	£84.95M	―	―	―	―	―
KMR	61 Neutral	£237.44M	―	-4.64%	6.26%	6.65%	-159.09%
GFM	56 Neutral	£362.18M	55.41	3.23%	―	-32.18%	-58.29%
SOLG	41 Neutral	$538.10M	―	-14.69%	―	―	41.51%

Griffin Mining Corporate Events

Griffin Mining Reports Recovery and Future Prospects Amid Revenue Decline

Griffin Mining Limited reported its unaudited interim results for the first half of 2025, highlighting a significant recovery in production during the second quarter after a complete shutdown in late 2024. Despite a 25.7% decrease in revenue compared to the same period in 2024, the company achieved a gross profit of $25.062 million, driven by historically high gold prices which contributed to 46.5% of gross revenues. The company plans to discontinue quarterly trading results due to variability in production, focusing instead on half-yearly and annual results. The upcoming commissioning of Zone II at the Caijiaying Mine is anticipated to further enhance production capabilities.

The most recent analyst rating on (GB:GFM) stock is a Hold with a £193.00 price target. To see the full list of analyst forecasts on Griffin Mining stock, see the GB:GFM Stock Forecast page.

Griffin Mining Receives $30 Million in Dividends from Chinese Subsidiary

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.

Griffin Mining Reports Record Gold and Silver Production in Q2 2025

Griffin Mining Limited has announced record production results for gold and silver in the second quarter of 2025, following a recovery from a previous suspension of operations at the Caijiaying Mine. The high production levels, driven by historically high gold prices, have significantly increased precious metal revenues, which now constitute approximately 50% of the company’s total revenues. This development underscores the long-term potential of the Caijiaying Mine, with further expansion expected as Zone II is scheduled to begin production in the last quarter of 2025.

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.

Griffin Mining Secures Shareholder Approval at AGM

Griffin Mining Limited announced that all resolutions presented at their Annual General Meeting on July 2, 2025, were successfully passed. This development indicates strong shareholder support and could positively impact the company’s strategic direction and operational stability, reinforcing its position in the mining industry.

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.

Griffin Mining Reinstates Share Buy-Back Programme to Enhance Shareholder Value

Griffin Mining Limited has announced the reinstitution of its share buy-back programme, allowing the company to repurchase up to 10 million shares or $10 million worth of shares until December 2025. This strategic move aims to enhance shareholder value by purchasing shares on the London Stock Exchange under the Market Abuse Regulation’s safe harbour provisions. The company has also reserved the right to purchase large blocks of shares to stabilize share prices and may consider a tender offer for non-US shareholders. The announcement follows a previous buyback programme that ended in April 2025, which saw the purchase and cancellation of over 1.2 million shares.

The most recent analyst rating on (GB:GFM) stock is a Buy with a £1.80 price target. To see the full list of analyst forecasts on Griffin Mining stock, see the GB:GFM Stock Forecast page.