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 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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