LON:TIN (LON:TIN) Given New GBX 150 Price Target at Berenberg Bank

LON:TIN (LON:TIN) had its price target dropped by research analysts at Berenberg Bank from GBX 196 to GBX 150 in a research report issued on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 49.25% from the stock’s previous close.

LON:TIN Price Performance

LON:TIN opened at GBX 100.50 on Friday. LON:TIN has a 52-week low of GBX 76 and a 52-week high of GBX 150. The stock has a market cap of £126.09 million and a price-to-earnings ratio of -14.36.

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.