Jubilee Metals Group PLC with ticker (LON:JLP) now has a potential upside of 131.3% 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 (27/10/2023) indicates a potential upside of 131.3%. Trading has ranged between 6 (52 week low) and 14 (52 week high) with an average of 3,827,512 shares exchanging hands daily. The market capitalisation at the time of writing is £152,103,116.
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 131.3% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
Jubilee has reported progress on its Three-Pillar Copper Strategy in Zambia, targeting long-term output of 25,000 tonnes per year. The Company has received the first US$15 million tranche from the
Jubilee Metals has issued a circular outlining plans to sell its Chrome and PGM Operations in South Africa to One Chrome (Pty) Ltd for up to US$90 million.
Jubilee has made strong progress across its Zambian copper portfolio, restarting operations at the upgraded Roan concentrator and advancing its integrated mine-to-metals strategy. The company reported 757 tonnes of copper
Jubilee Metals delivered exceptional safety and production results in South Africa, reducing its injury rate to 1.33 while boosting chrome concentrate output 19.9% to 505 578 t and annual chrome
Jubilee has appointed Shard Capital Partners LLP as joint broker alongside Zeus Capital, replacing RBC Capital Markets, and expects to publish a circular detailing the proposed disposal and General Meeting
Jubilee Metals Group Plc announces a conditional offer for its chrome and PGM operations in South Africa, focusing on growth in Zambia's copper market.
