Base Resources (LON:BSE) Rating Reiterated by Berenberg Bank

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Base Resources (LON:BSE)‘s stock had its “buy” rating reissued by Berenberg Bank in a report issued on Thursday, Digital Look reports. They presently have a GBX 25 ($0.33) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 132.56% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 21 ($0.27) price objective on shares of Base Resources in a report on Thursday, October 24th. Peel Hunt reaffirmed 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 reaffirmed 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, Base Resources presently has an average rating of “Buy” and an average target price of GBX 24.67 ($0.32).

Shares of LON:BSE remained flat at $GBX 10.75 ($0.14) during midday trading on Thursday. 41,000 shares of the company were exchanged, compared to its average volume of 24,568. The stock has a 50-day simple moving average of GBX 13.10 and a 200 day simple moving average of GBX 13.53. The company has a debt-to-equity ratio of 5.91, a quick ratio of 1.48 and a current ratio of 1.86. The stock has a market capitalization of $125.95 million and a PE ratio of 3.26. Base Resources has a 52 week low of GBX 12 ($0.16) and a 52 week 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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