Tharisa (LON:THS) Earns Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Tharisa (LON:THS) in a research note released on Wednesday, Marketbeat.com reports. They currently have a GBX 130 ($1.65) price objective on the stock.

Tharisa Stock Performance

Shares of THS stock opened at GBX 66 ($0.84) on Wednesday. The firm has a market capitalization of £198.01 million, a PE ratio of 300.00 and a beta of 0.97. The firm has a fifty day simple moving average of GBX 56.42 and a two-hundred day simple moving average of GBX 61.14. The company has a current ratio of 2.20, a quick ratio of 1.80 and a debt-to-equity ratio of 20.68. Tharisa has a 12 month low of GBX 47 ($0.59) and a 12 month high of GBX 102.50 ($1.30).

Tharisa Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 2.62%. Tharisa’s dividend payout ratio (DPR) is presently 1,818.18%.

Tharisa Company Profile

Tharisa plc, an investment holding company, engages in the mining, processing, beneficiation, marketing, sale, and logistics of platinum group metals (PGM) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally. It operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing.