Base Resources (LON:BSE) Earns “Buy” Rating from Peel Hunt

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Peel Hunt reaffirmed their buy rating on shares of Base Resources (LON:BSE) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a GBX 21 ($0.27) target price on the stock, down from their previous target price of GBX 22 ($0.29).

Several other analysts have also commented on the company. Numis Securities reaffirmed a buy rating and issued a GBX 30 ($0.39) price objective on shares of Base Resources in a report on Tuesday, April 30th. Berenberg Bank reaffirmed a buy rating and issued a GBX 220 ($2.87) price objective on shares of Barclays in a report on Monday, April 29th.

BSE stock opened at GBX 13 ($0.17) on Tuesday. The company has a market cap of $151.66 million and a PE ratio of 4.33. The stock’s fifty day moving average price is GBX 13. Base Resources has a fifty-two week low of GBX 12 ($0.16) and a fifty-two week high of GBX 17.84 ($0.23). The company has a quick ratio of 1.92, a current ratio of 2.60 and a debt-to-equity ratio of 15.80.

About Base Resources

Base Resources Limited produces and sells mineral sands in Africa. The company produces mineral sands, such as rutile, ilmenite, and zircon. It primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya. The company was formerly known as Base Iron Limited and changed its name to Base Resources Limited in 2010.

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