Berenberg Bank Reiterates Buy Rating for Adriatic Metals (LON:ADT1)

Adriatic Metals (LON:ADT1)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat reports. They currently have a GBX 220 ($2.73) price target on the stock. Berenberg Bank’s price target points to a potential upside of 8.91% from the company’s current price.

Adriatic Metals Price Performance

Shares of LON:ADT1 opened at GBX 202 ($2.51) on Wednesday. The company has a market capitalization of £655.45 million, a PE ratio of -1,836.36 and a beta of 1.12. Adriatic Metals has a 1 year low of GBX 124.20 ($1.54) and a 1 year high of GBX 253.50 ($3.15). The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92. The business has a fifty day moving average price of GBX 203.54 and a two-hundred day moving average price of GBX 186.48.

Adriatic Metals Company Profile

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia.

The Vares Project 2021 Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% post-tax IRR and a capex of US$168 million.