Jubilee Metals Group PLC with ticker (LON:JLP) now has a potential upside of 25.6% according to Canaccord Genuity.
Canaccord Genuity set a target price of 10 GBX for the company, which when compared to the Jubilee Metals Group PLC share price of 8 GBX at opening today (17/05/2024) indicates a potential upside of 25.6%. Trading has ranged between 5 (52 week low) and 9 (52 week high) with an average of 4,799,265 shares exchanging hands daily. The market capitalisation at the time of writing is £242,557,984.
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.
Jubilee Metals Group PLC 25.6% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
Find more news, interviews, share price & company profile here for:
Latest Company News
An active copper mine in Zambia with 2.2 million tonnes of stockpiled ore is now backed by a new JV aiming to unlock full-scale processing and expansion.
Copper’s price breakout hints at a deeper structural shift that could reshape long-term investor positioning.
Copper is being repriced as a critical input to global infrastructure, and long-term investors are paying attention.
Copper’s record high reflects rising supply pressure and sustained demand across energy and infrastructure sectors.
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.
