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Griffin Mining
(LSE:GFM)
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Rating:66Neutral
Price Target:
338.00 p
▲(18.18% Upside)
Action:Downgraded
Date:08/17/26
The score is supported primarily by strong financial strength (very low leverage) and improved 2025 profitability/cash flow, but is held back by very weak technical momentum (price below key moving averages with negative MACD) and a relatively high P/E without a provided dividend yield.
Positive Factors
Exceptionally low leverage
The exceptionally conservative balance sheet gives Griffin substantial financial flexibility across the mining cycle. Minimal debt limits interest and refinancing pressure, preserves capacity to fund mine investment internally, and improves resilience if commodity prices or operating results weaken.
Negative Factors
Inconsistent free cash flow
Although 2025 free cash flow improved, the earlier negative outcomes reveal that cash conversion is not consistently dependable. Working-capital pressures or capital spending can absorb accounting earnings in weaker periods, reducing funds available for investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptionally low leverage
The exceptionally conservative balance sheet gives Griffin substantial financial flexibility across the mining cycle. Minimal debt limits interest and refinancing pressure, preserves capacity to fund mine investment internally, and improves resilience if commodity prices or operating results weaken.
Read all positive factors
Griffin Mining (GFM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£537.19M
Dividend YieldN/A
Average Volume (3M)32.88K
Price to Earnings (P/E)21.4
Beta (1Y)0.23
Revenue Growth28.80%
EPS Growth286.76%
CountryUK
Employees589
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.19
Shares Outstanding173,287,830
10 Day Avg. Volume55,405
30 Day Avg. Volume32,878
Financial Highlights & Ratios
PEG Ratio0.31
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 Upside18.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.19
Revenue Forecast (FY)£135.37M
Griffin Mining Business Overview & Revenue Model
Company Description
Griffin Mining Limited functions as both a mineral extraction and investment enterprise, dedicating its efforts to the exploration, development, and operation of mineral-rich sites. The company's prospecting activities largely target deposits of z...
How the Company Makes Money
Griffin Mining makes money primarily by extracting ore from its Caijiaying mine and processing it into marketable mineral products, then selling those products to third-party customers. Its key revenue streams are: (1) sales of zinc concentrate, w...
Griffin Mining Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 149.90M | 140.38M | 142.60M | 146.02M | 100.01M | 128.87M |
| Gross Profit | 77.16M | 59.67M | 51.25M | 51.84M | 38.25M | 58.42M |
| EBITDA | 63.61M | 53.94M | 42.55M | 52.69M | 35.00M | 53.46M |
| Net Income | 33.91M | 22.52M | 11.35M | 15.24M | 7.70M | 25.38M |
Balance Sheet | ||||||
| Total Assets | 336.49M | 324.80M | 305.75M | 321.22M | 305.59M | 320.53M |
| Cash, Cash Equivalents and Short-Term Investments | 39.81M | 47.56M | 48.76M | 60.01M | 34.14M | 38.16M |
| Total Debt | 385.99K | 457.16K | 620.00K | 739.00K | 852.00K | 971.00K |
| Total Liabilities | 44.93M | 46.39M | 33.08M | 51.47M | 60.13M | 57.96M |
| Stockholders Equity | 291.56M | 278.41M | 272.67M | 269.75M | 245.47M | 262.58M |
Cash Flow | ||||||
| Free Cash Flow | 6.11M | 19.93M | -1.41M | 25.10M | -5.57M | 22.88M |
| Operating Cash Flow | 42.60M | 56.81M | 19.58M | 48.38M | 15.73M | 42.88M |
| Investing Cash Flow | -36.67M | -36.54M | -18.81M | -21.89M | -20.93M | -19.77M |
| Financing Cash Flow | -34.49M | -20.95M | -11.63M | -555.00K | -167.00K | -613.00K |
Griffin Mining Technical Analysis
Positive
286.00
Price Trends
287.72
Positive
299.15
Positive
296.36
Positive
Market Momentum
7.82
Negative
63.80
Neutral
85.01
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 286 is below the 20-day moving average (MA) of 287.65, below the 50-day MA of 287.72, and below the 200-day MA of 296.36, indicating a bullish trend. The MACD of 7.82 indicates Negative momentum. The RSI at 63.80 is Neutral, neither overbought nor oversold. The STOCH value of 85.01 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | £537.19M | 21.37 | 11.90% | ― | 28.80% | 286.76% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £161.48M | -0.80 | -33.21% | 11.04% | -28.42% | -411.33% | |
52 Neutral | £170.68M | -27.89 | -67.90% | ― | ― | -37.29% | |
45 Neutral | £115.42M | -28.95 | -14.73% | ― | ― | -2.08% | |
44 Neutral | £167.37M | -30.00 | -9.13% | ― | ― | -5.56% | |
38 Underperform | £157.31M | -0.05 | -18.08% | ― | ― | ― |
* Basic Materials Sector Average
GB:GFM
Griffin Mining
313.00
130.75
71.74%
GB:ALL
Atlantic Lithium
13.95
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59.25%
GB:SAV
Savannah Resources
5.40
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24.14%
GB:KMR
Kenmare Resources
181.40
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-40.72%
GB:RBW
Rainbow Rare Earths
23.00
3.30
16.75%
GB:PRE
Pensana Rare Earths PLC
44.10
-102.40
-69.90%
Griffin Mining Corporate Events
Business Operations and StrategyExecutive/Board Changes
Griffin Mining appoints new CFO as long-serving finance chief steps back
Positive
Oct 5, 2026
Griffin Mining has reshuffled its senior finance leadership, with long-serving finance director Roger Goodwin stepping down from his executive role and remaining on the board and as company secretary, while former BDO audit director Asha Santchurn...
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Griffin Mining Posts Record Interim Profit as Caijiaying Mine Awaits Key Approvals
Positive
Sep 10, 2026
Griffin Mining reported record unaudited interim results for the six months to 30 June 2026, with revenue up 21% to $77.3 million and operating profit more than doubling to $28.2 million, despite the Caijiaying Mine running at only 50% of its full...
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Regulatory Bottlenecks Temper Record First‑Half Profit at Griffin Mining’s Caijiaying Mine
Positive
Sep 10, 2026
Griffin Mining reported unaudited interim results showing a record first‑half performance at its Caijiaying Mine, with revenue up 21% year on year to $77.3 million and operating profit more than doubling to $28.2 million despite the operatio...
Business Operations and Strategy
Griffin Mining Shifts Registered Office Within Bermuda
Neutral
Aug 3, 2026
Griffin Mining Limited has changed its registered office in Bermuda from Clarendon House on Church Street to Richmond House on Par-la-Ville Road in Hamilton. The move aligns the company’s registered address with the relocation of its Bermuda...
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.