LON:TIN (LON:TIN) Stock Price Target Lowered at Berenberg Bank

LON:TIN (LON:TIN) had its target price dropped by investment analysts at Berenberg Bank from GBX 153 to GBX 93 in a research note issued to investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank‘s target price indicates a potential upside of 58.30% from the company’s previous close.

LON:TIN Price Performance

LON:TIN opened at GBX 58.75 on Wednesday. The firm has a market capitalization of £73.72 million and a P/E ratio of -8.39. The business has a 50 day simple moving average of GBX 91.60 and a 200 day simple moving average of GBX 102.49. LON:TIN has a 12-month low of GBX 57 and a 12-month high of GBX 150.

LON:TIN (LON:TIN) last issued its quarterly earnings data on Thursday, September 24th. The company reported GBX (4) earnings per share (EPS) for the quarter.

LON:TIN Company Profile

Cornish Metals (AIM: TIN) is a mineral exploration and development company advancing the restart of production from the historic South Crofty Tin Mine in Cornwall. South Crofty is the highest-grade tin resource not currently in production and is fully permitted, 100% owned, and supported by extensive existing underground infrastructure. Tin is a UK-designated Critical Mineral, essential to electronics, electrification and the energy transition, and South Crofty has the potential to become the first primary tin producer in Europe or North America.