Jubilee Metals Group PLC with ticker (LON:JLP) now has a potential upside of 85.5% according to Berenberg Bank.
Berenberg Bank 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 (22/02/2024) indicates a potential upside of 85.5%. Trading has ranged between 5 (52 week low) and 10 (52 week high) with an average of 3,092,706 shares exchanging hands daily. The market capitalisation at the time of writing is £157,648,081.
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 85.5% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
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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 production 24.8% to 1 932 798 t. PGM output rose 14.6% to 8 973 oz in Q4 and 6% to 38 579 oz for the year, beating guidance. The company targets 1.65–1.80 Mt of chrome and 36 000–40 000 oz of PGM for FY2026.
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 notice in the last week of July 2025
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.
Jubilee Metals Group has achieved a major milestone with successful copper processing trials in Zambia, enhancing its copper production strategy and capabilities.
Jubilee Metals Group Plc (LON:JLP) is nearing the completion of high-grade copper ore trials at its Roan Concentrator, aiming to boost copper production significantly.
Jubilee Metals Group reports impressive Q3 FY2025 results, showcasing substantial growth in chrome and PGM production in South Africa.
