Base Resources Limited (BSE.L)’s (BSE) “Not Rated” Rating Reiterated at Shore Capital
Shore Capital reiterated their not rated rating on shares of Base Resources Limited (BSE.L) (LON:BSE) in a research report sent to investors on Thursday, AR Network reports.
A number of other research analysts also recently issued reports on the stock. Berenberg Bank reiterated a buy rating and set a GBX 28 ($0.37) target price on shares of Base Resources Limited (BSE.L) in a research report on Tuesday, July 7th. Peel Hunt restated a buy rating on shares of Base Resources Limited (BSE.L) in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus target price of GBX 21.50 ($0.28).
Base Resources Limited (BSE.L) stock opened at GBX 13.95 ($0.18) on Thursday. The company has a quick ratio of 2.37, a current ratio of 2.67 and a debt-to-equity ratio of 20.44. Base Resources Limited has a 12-month low of GBX 0.14 ($0.00) and a 12-month high of GBX 18.50 ($0.24). The firm’s fifty day moving average is GBX 15.28 and its 200 day moving average is GBX 10.44. The company has a market capitalization of $166.95 million and a PE ratio of 4.23.
Base Resources Limited produces and sells mineral sands in Africa. It produces mineral sands, such as rutile, ilmenite, and zircon. The company primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya; and develops the Toliara project located in Madagascar. The company was formerly known as Base Iron Limited and changed its name to Base Resources Limited in 2010.
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