Bushveld Minerals (LON:BMN)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research report issued to clients and investors on Thursday, LSE.Co.UK reports. They presently have a GBX 45 ($0.59) price target on the stock. Peel Hunt’s price target points to a potential upside of 104.55% from the stock’s current price.
Separately, Peel Hunt restated a “buy” rating and issued a GBX 45 ($0.59) price objective on shares of Bushveld Minerals in a research report on Monday, November 4th.
Shares of BMN stock traded down GBX 0.25 ($0.00) during trading hours on Thursday, reaching GBX 22 ($0.29). The stock had a trading volume of 4,503,427 shares, compared to its average volume of 3,480,000. The stock’s fifty day simple moving average is GBX 22.49 and its 200 day simple moving average is GBX 24.34. The company has a current ratio of 4.73, a quick ratio of 3.51 and a debt-to-equity ratio of 2.78. Bushveld Minerals has a 12 month low of GBX 19.50 ($0.25) and a 12 month high of GBX 49.40 ($0.65). The firm has a market capitalization of $256.42 million and a PE ratio of 6.67.
Bushveld Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production. It explores for vanadium, titanium, iron ore, phosphate, tin, and thermal coal deposits.
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