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 Thursday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 21 ($0.27) price objective on the stock.

A number of other research firms have also recently weighed in on BSE. Liberum Capital reaffirmed a buy rating and set a GBX 21 ($0.27) price objective on shares of Base Resources in a research report on Thursday, October 24th. Peel Hunt reaffirmed a buy rating and set a GBX 21 ($0.27) price objective on shares of Base Resources in a research report on Thursday. Numis Securities reaffirmed a buy rating on shares of Base Resources in a research report on Thursday, October 24th. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 25 ($0.33) price objective on shares of Base Resources in a research report on Thursday. Six research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of GBX 24.67 ($0.32).

LON:BSE remained flat at $GBX 10.75 ($0.14) on Thursday. The company’s stock had a trading volume of 41,000 shares, compared to its average volume of 24,568. The stock has a market cap of $125.95 million and a PE ratio of 3.26. The company has a current ratio of 1.86, a quick ratio of 1.48 and a debt-to-equity ratio of 5.91. The business has a 50-day moving average price of GBX 13.10 and a 200-day moving average price of GBX 13.53. 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).

Base Resources Company Profile

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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