Jubilee Metals Group PLC with ticker (LON:JLP) now has a potential upside of 124.1% according to Canaccord Genuity.
Canaccord Genuity set a target price of 13 GBX for the company, which when compared to the Jubilee Metals Group PLC share price of 6 GBX at opening today (20/10/2023) indicates a potential upside of 124.1%. Trading has ranged between 6 (52 week low) and 14 (52 week high) with an average of 3,581,232 shares exchanging hands daily. The market capitalisation at the time of writing is £161,275,794.
Jubilee Metals Group PLC is a United Kingdom-based diversified metal recovery company with a portfolio of projects in South Africa and Zambia. The Company’s segments include PGM and Chrome, Copper and Cobalt and Other. PGM and Chrome segment is engaged in the processing of platinum group metal (PGM) and chrome containing materials. Copper and Cobalt segment is engaged in the processing of copper and cobalt containing materials. It focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry, and other secondary materials generated from mining operations. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a commodity basket, including PGMs, chrome, lead, zinc, vanadium, copper, and cobalt. Its PGM processing operations are centered on the Inyoni PGM Processing Plant in South Africa. The Company’s operations span five countries, including South Africa, Australia, Mauritius, Zambia, and the United Kingdom.
Jubilee Metals Group PLC 124.1% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
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Jubilee has entered into a project development agreement with Galileo Resources to accelerate work at the Molefe Mine in Zambia. The partnership brings together operational, processing and exploration expertise, with Galileo funding resource definition to earn up to a 23.75 percent interest.
Jubilee Metals has delivered a 65 % jump in copper output in its first quarter, signalling a clearer shift into Zambia‐based copper production.
