Base Resources’ (BSE) Buy Rating Reaffirmed at Peel Hunt

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.

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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Analyst Recommendations for Base Resources (LON:BSE)

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