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The latest update is out from Griffin Mining ( (GB:GFM) ).
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 the new denominator for calculating their interests in the company.
The most recent analyst rating on (GB:GFM) stock is a Hold 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 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.
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, focusing on mining operations.
Average Trading Volume: 290,868
Technical Sentiment Signal: Buy
Current Market Cap: £321.5M
See more insights into GFM stock on TipRanks’ Stock Analysis page.