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Jubilee Metals Group’s (JLP) “Buy” Rating Reaffirmed at Berenberg Bank
Posted by admin on May 5th, 2022
Jubilee Metals Group (LON:JLP – Get Rating)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued on Thursday, LSE.Co.UK reports. They currently have a GBX 22 ($0.27) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 40.13% from the company’s current price.
Shares of JLP stock opened at GBX 15.70 ($0.20) on Thursday. The firm has a market cap of £414.80 million and a price-to-earnings ratio of 13.31. Jubilee Metals Group has a 52-week low of GBX 13.30 ($0.17) and a 52-week high of GBX 22 ($0.27). The company has a quick ratio of 1.62, a current ratio of 2.00 and a debt-to-equity ratio of 7.00. The company’s 50 day moving average is GBX 15.50 and its 200 day moving average is GBX 15.94.
Sounds positive!
https://www.youtube.com/watch?v=DfApMSuoIqA
If the sales were significant it would have be announced by RNS . A tweet would suggest that sales aren't material at present.
Chariot Ltd (AIM:CHAR, OTC:OIGLF)’s latest announcement is further evidence of the company’s evolution towards a broader transitional energy business, stockbroker Peel Hunt said in a note.
The company this morning said it had signed a memorandum of understanding with the Port of Rotterdam International as a first step towards establishing supply chains to import green hydrogen and ammonia into the Netherlands and northwest Europe.
Through the deal, the parties will work together to connect with off-takers and secure contracts for specific volumes.
“Today’s announcement in isolation may not on first pass appear too significant, but in our view it represents further evidence of Chariot’s corporate evolution towards a broader transitional energy business,” the stockbroker said in a note.
Peel Hunt repeated a ‘buy’ recommendation and a 35p price target which suggests more than 70% upside to the current price of 19.65p.
Benoit Garrivier, chief executive of Chariot’s Transitional Power unit, in this morning’s statement said its green hydrogen project in Mauritania has the potential to establish the country as one of the world’s cheapest producers.
“Our ambition is to help the nation become one of the world's main producers and exporters of green hydrogen.”
René van der Plas, director of Port of Rotterdam International, added: “The project could turn Mauritania into a leading supplier of green hydrogen to Europe, making it one of the largest energy projects of its kind in the world."
Malcolm Graham Wood comment on todays news:
Nothing more to add here save that Chariot are motoring ahead with their green hydrogen projects and I expect much more of the same to come. Even at 21.55p as this morning the upside is really substantial.
Thanks for the link! Great interview and reminder of the tremendous growth potential of this company. Near the end BM mentioned the possibility of future dividends for shareholders too. I will be adding first thing Monday.
A poster on ADVN has just written that there has been a 'beautiful write up' by Simon Thompson in Investors Chronicle. Sounds good for further upward price action tomorrow!!
CAD$0.20 = 12 pence per share.
Q3 trading update this coming Thursday, 10 March. Could do with some good figures to bolster the current share price!
Both filtered. Life's too short!
Just invested in DLG for the first time this afternoon. I was looking for an insurer to add to my portfolio and this looks a solid well run company with a good dividend payment history. I looked at LGEN and AV too but decided to put my money here. Fingers crossed!
I'll go for 27p.
Yes Mikie, I could hardly believe my ears when I heard the comment that Cobalt earnings could eventually overtake those from copper! Wow!
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How often are new porphyries found in mature mining districts?
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Colin Bird comments on the results, I think you'll all like what he says! hTTps://www.**********.co.uk/articles/the-ceo-show-with-zak-mir-colin-bird-executive-chairman-jubilee-c13c96b
https://www.mining.com/chile-copper-output-sinks-to-seven-month-low/
Brilliant! Thank you. :)