Jubilee Metals Group PLC 70.8% potential upside indicated by Berenberg Bank

Jubilee Metals Group PLC with ticker (LON:JLP) now has a potential upside of 70.8% according to Berenberg Bank.



Berenberg Bank set a target price of 9 GBX for the company, which when compared to the Jubilee Metals Group PLC share price of 5 GBX at opening today (07/03/2024) indicates a potential upside of 70.8%. Trading has ranged between 5 (52 week low) and 10 (52 week high) with an average of 3,769,920 shares exchanging hands daily. The market capitalisation at the time of writing is £163,002,271.

Jubilee Metals Group PLC is a United Kingdom-based diversified company, which is engaged in metals processing with operations in Africa. The Company operates through three segments: PGM and Chrome, Copper and Cobalt, and Other. PGM and Chrome segment is engaged in the processing of PGM and chrome containing materials. Copper and Cobalt segment is engaged in the processing of Copper and Cobalt containing materials. Other segment is engaged in administrative and corporate expenses. It has eight individual chrome modules operating in South Africa with a chrome capacity exceeding 1,450,000 tons per annum of chrome concentrate. Its Platinum Group Metals (PGM) operations offer exposure to a full PGM basket of metals, which includes platinum, palladium and rhodium. It is focused on copper operations in Zambia, where there is a supply of on-surface copper waste material and a junior mining sector with limited processing facilities.