Jubilee Metals Group PLC 120.8% potential upside indicated by Canaccord Genuity

Jubilee Metals Group PLC with ticker (LON:JLP) now has a potential upside of 120.8% according to Canaccord Genuity.

JLP.L

Canaccord Genuity set a target price of 10 GBX for the company, which when compared to the Jubilee Metals Group PLC share price of 5 GBX at opening today (21/10/2024) indicates a potential upside of 120.8%. Trading has ranged between 4 (52 week low) and 9 (52 week high) with an average of 7,883,164 shares exchanging hands daily. The market capitalisation at the time of writing is £135,939,286.

Jubilee Metals Group PLC is a United Kingdom-based diversified producer, specializing in the recovery of metal from previously overlooked resources, such as unprocessed historical waste rock, run-of-mine materials and tailings in South Africa and Zambia. The Company’s low-capex, modular processing facilities are deployed close to these various types of material, producing high grade concentrates for sale or further refining to finished metal at the Company’s downstream facilities. Its production consists of chrome, copper and platinum group metals (PGMs). The Company operates through three segments: Chrome and PGM, Copper, and Other. Its Chrome and PGM segment is engaged in the processing of PGM and chrome-containing materials. Its Copper segment processes copper units containing material. It has over eight individual chrome modules operating in South Africa with a capacity exceeding 1,450,000 tons per annum of chrome concentrate. Its copper projects include Project M and Project G.