Base Resources (LON:BSE) Rating Reiterated by Peel Hunt

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Base Resources (LON:BSE)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a note issued to investors on Thursday, LSE.Co.UK reports. They currently have a GBX 21 ($0.27) price target on the stock. Peel Hunt’s price target points to a potential upside of 95.35% from the company’s previous close.

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

Base Resources stock remained flat at $GBX 10.75 ($0.14) during mid-day trading on Thursday. The company’s stock had a trading volume of 41,000 shares, compared to its average volume of 24,568. The company has a debt-to-equity ratio of 5.91, a current ratio of 1.86 and a quick ratio of 1.48. The firm has a 50-day moving average price of GBX 13.10 and a 200 day moving average price of GBX 13.53. The firm has a market cap of $125.95 million and a P/E ratio of 3.26. Base Resources has a one year low of GBX 12 ($0.16) and a one 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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