Base Resources (LON:BSE) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Base Resources (LON:BSE) in a research note published on Thursday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 21 ($0.27) target price on the stock.

Other analysts have also issued reports about the company. Berenberg Bank reiterated a buy rating and issued a GBX 25 ($0.33) price objective on shares of Base Resources in a research report on Thursday. Numis Securities reiterated a buy rating on shares of Base Resources in a research report on Thursday, October 24th. Peel Hunt reiterated a buy rating and issued a GBX 21 ($0.27) price objective on shares of Base Resources in a research report on Thursday. Finally, Liberum Capital reiterated a buy rating and issued a GBX 21 ($0.27) price objective on shares of Base Resources in a research report on Thursday, October 24th. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of GBX 24.67 ($0.32).

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BSE stock remained flat at $GBX 10.75 ($0.14) during midday trading on Thursday. The company had a trading volume of 41,000 shares, compared to its average volume of 24,568. The business’s fifty day moving average price is GBX 13.10 and its two-hundred day moving average price is GBX 13.53. 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 company has a market capitalization of $125.95 million and a price-to-earnings ratio of 3.26. Base Resources has a 1 year low of GBX 12 ($0.16) and a 1 year 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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