LON:TIN (LON:TIN) Receives Buy Rating from Berenberg Bank

LON:TIN (LON:TIN)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They currently have a GBX 151 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 34.34% from the stock’s current price.

LON:TIN Price Performance

Shares of LON:TIN opened at GBX 112.40 on Thursday. The company has a market cap of £141.03 million and a P/E ratio of -16.06. LON:TIN has a 12 month low of GBX 76 and a 12 month high of GBX 150. The firm’s 50-day moving average price is GBX 105.83.

About LON:TIN

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.