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

Peel Hunt reaffirmed their buy rating on shares of Base Resources (LON:BSE) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 21 ($0.27) price target on the stock, down from their prior price target of GBX 22 ($0.29).

A number of other research firms also recently commented on BSE. Numis Securities reiterated a buy rating and issued a GBX 30 ($0.39) target price on shares of Base Resources in a research report on Tuesday, April 30th. Berenberg Bank reiterated a buy rating and issued a GBX 220 ($2.87) target price on shares of Barclays in a research report on Monday, April 29th.

LON:BSE opened at GBX 13 ($0.17) on Tuesday. The company has a quick ratio of 1.92, a current ratio of 2.60 and a debt-to-equity ratio of 15.80. The stock has a market capitalization of $151.66 million and a P/E ratio of 4.33. Base Resources has a 12 month low of GBX 12 ($0.16) and a 12 month high of GBX 17.84 ($0.23). The stock has a 50-day moving average price of GBX 13.

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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