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.
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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