Berenberg Bank Boosts Base Resources (BSE) Price Target to GBX 26
Base Resources (LON:BSE) had its price target lifted by Berenberg Bank from GBX 23 ($0.30) to GBX 26 ($0.34) in a research note issued to investors on Monday. They currently have a buy rating on the stock.
Several other research firms have also issued reports on BSE. Peel Hunt restated a buy rating on shares of Base Resources in a research report on Thursday, March 21st. Numis Securities restated a buy rating and set a GBX 30 ($0.39) price target on shares of Base Resources in a research report on Thursday, January 17th. Finally, Canaccord Genuity cut their price target on shares of Base Resources from GBX 34 ($0.44) to GBX 30 ($0.39) and set a buy rating for the company in a research report on Wednesday, March 6th.
Shares of LON:BSE opened at GBX 15.75 ($0.21) on Monday. Base Resources has a 52-week low of GBX 12.60 ($0.16) and a 52-week high of GBX 17.84 ($0.23). The firm has a market capitalization of $179.34 million and a P/E ratio of 5.25. The company has a quick ratio of 1.92, a current ratio of 2.60 and a debt-to-equity ratio of 15.80.
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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