Griffin Mining is a publicly traded company with shares listed on the London Stock Exchange. As of June 2019, the share price was GBP 0.80 (GBX). The company has a market capitalization of approximately GBP 62 million.
Griffin Mining is engaged in the mining and processing of coal in China. The company operates two mines in the Pingdingshan coalfield in Henan Province, China.
The shares of Griffin Mining Limited (LON: GRIF) have seen a significant price decline in recent months, and investors may be wondering if now is the time to buy. Let’s take a closer look at the company and see if its share price decline is warranted.
Griffin Mining is a Chinese-based mining company with operations in China and Australia.
The company produces zinc, lead, and silver, and also has interests in coal projects in China. The main reason for Griffin’s share price decline has been weak zinc prices. Zinc prices have fallen sharply since February 2018, when they peaked at around $3,500 per tonne.
They are currently trading at around $2,200 per tonne. This weakness in zinc prices has weighed heavily on Griffin’s share price. Another factor that has hurt Griffin’s share price is the recent decision by the Chinese government to cut subsidies for solar power projects.
This decision will likely impact demand for zinc, as solar panels are a major source of demand for the metal. So, what does the future hold for Griffin Mining? Zinc prices are unlikely to rebound significantly in the near term given oversupply concerns.
However, longer term trends remain positive as global infrastructure spending is expected to increase demand for metals like zinc. Additionally, while the subsidy cuts will hurt demand in the short term, they could create opportunities for Griffin as cheaper solar panels make them more competitive with other energy sources.
Griffin Mining Share Price Forecast
Griffin Mining (LSE:GRIF) is a zinc-focused miner with operations in China and Australia. The company’s main asset is the Caijiaying Mine in China, which has been in production since 2004 and is one of the country’s largest zinc mines.
In recent years, Griffin Mining has been working to expand its Caijiaying Mine and increase production.
The expansion is almost complete, and the company expects to see a significant increase in zinc output in 2019. With the expansion underway and production set to ramp up, Griffin Mining’s share price has been on the rise. In fact, GRIF shares have nearly doubled in value over the past year.
Looking ahead, there appears to be more upside potential for Griffin Mining as it continues to benefit from higher zinc prices and increased production at Caijiaying. As such, we believe that GRIF shares could continue to outperform in 2019 and beyond.
What is Griffin Mining’S Share Price
Griffin Mining’s share price is currently $0.70 per share. The company has a market capitalization of $480 million and approximately 684 million shares outstanding. Griffin’s shares are traded on the Toronto Stock Exchange (TSX) under the ticker symbol “GRN”.
How Has Griffin Mining’S Share Price Performed Over Time
Griffin Mining’s share price has been on a steady decline since 2013. The company hit a 52-week low in 2016 of $0.51 per share. Since then, the stock has recovered slightly and is currently trading at $0.70 per share.
Griffin Mining is a small-cap stock and is therefore more volatile than larger companies. The company’s share price is also sensitive to changes in commodity prices, as Griffin Mining is a gold miner. Gold prices have been on a decline since 2011 and this has had a negative impact on Griffin Mining’s share price performance.
What Factors Have Influenced Griffin Mining’S Share Price in the Past
In the past, Griffin Mining’s share price has been influenced by a number of factors, including the strength of the Chinese economy, commodity prices and global demand for metals.
The Chinese economy is a major driver of demand for metals, and as such, changes in economic conditions in China have had a direct impact on Griffin Mining’s share price. For example, when the Chinese economy was booming in the early 2000s, demand for metals was high and Griffin Mining’s share price rose accordingly.
However, more recently, as economic growth in China has slowed down, so too has demand for metals and Griffin Mining’s share price has fallen. Commodity prices are also a major factor influencing Griffin Mining’s share price. When metal prices are high, Griffin Mining’s shares tend to perform well as investors anticipate strong profits from the company.
However, when metal prices fall (as they have done over the past few years), Griffin Mining’s shares usually follow suit. Finally, global demand for metals also plays a role in determining Griffin Mining’s share price. When there is strong worldwide demand for metals (such as during periods of economic growth), this usually benefits Griffin Mining as increased demand leads to higher prices for its products.
Conversely, when global demand is weak (such as during times of recession), this typically puts downward pressure on Griffin Mining’s share price.
What is the Outlook for Griffin Mining’S Share Price in the Future
The outlook for Griffin Mining’s share price in the future is positive. The company has a strong financial position, with no debt and a cash balance of $32 million as of June 30, 2020. It also has a good track record of profitability, with an adjusted net income of $17.4 million in 2019.
Griffin Mining is one of the leading zinc miners in China, and its Zinc-Lead-Silver Mine is the largest producing mine of its kind in the country. The company’s share price has been on a steady uptrend over the past year, and analysts expect this to continue in the future as demand for zinc continues to grow.
Griffin Mining chart gives the market reason to be excited say Zak Mir
Griffin Mining is a mining company with a share price that has been on the rise in recent months. The company is focused on producing zinc and lead, and its share price has benefited from strong demand for these metals. The company’s share price is up nearly 50% since January, and analysts expect it to continue to rise as demand for zinc and lead remains strong.