Berenberg Bank Reaffirms “Buy” Rating for LON:TIN (LON:TIN)

LON:TIN (LON:TIN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a GBX 150 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 51.98% from the stock’s current price.

LON:TIN Stock Performance

Shares of LON:TIN opened at GBX 98.70 on Monday. LON:TIN has a 12 month low of GBX 76 and a 12 month high of GBX 150. The stock has a market cap of £123.84 million and a price-to-earnings ratio of -14.10.

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.

Following its re-domiciliation to the UK and sole listing on AIM, Cornish Metals is aligned with its flagship asset, stakeholders and long-term strategy.