Peel Hunt reaffirmed their buy rating on shares of Base Resources (LON:BSE) in a report published on Thursday, LSE.Co.UK reports. The brokerage currently has a GBX 21 ($0.27) price objective on the stock.
A number of other equities analysts also recently commented on the company. Peel Hunt restated a buy rating and issued a GBX 21 ($0.27) price objective on shares of Base Resources in a report on Thursday. Liberum Capital reiterated a buy rating and set a GBX 21 ($0.27) price target on shares of Base Resources in a report on Thursday, October 24th. Berenberg Bank reissued a buy rating and issued a GBX 25 ($0.33) price objective on shares of Base Resources in a research report on Thursday. Finally, Numis Securities reissued a buy rating on shares of Base Resources in a research report on Thursday, October 24th. Six analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of GBX 24.67 ($0.32).
LON:BSE remained flat at $GBX 10.75 ($0.14) during mid-day trading on Thursday. The company had a trading volume of 41,000 shares, compared to its average volume of 24,568. The company has a fifty day moving average of GBX 13.10 and a 200 day moving average of GBX 13.53. Base Resources has a 12-month low of GBX 12 ($0.16) and a 12-month high of GBX 17.84 ($0.23). The company has a market cap of $125.95 million and a PE ratio of 3.26. The company has a debt-to-equity ratio of 5.91, a quick ratio of 1.48 and a current ratio of 1.86.
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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