Base Resources (LON:BSE) Earns Buy Rating from Peel Hunt

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

BSE has been the subject of a number of other reports. Peel Hunt restated a “buy” rating and issued a GBX 21 ($0.27) target price on shares of Base Resources in a research note on Thursday. Berenberg Bank reiterated a “buy” rating and set a GBX 25 ($0.33) price objective on shares of Base Resources in a research report on Thursday. Liberum Capital reiterated a “buy” rating and set a GBX 21 ($0.27) price objective on shares of Base Resources in a research report on Thursday, October 24th. Finally, Numis Securities reiterated a “buy” rating on shares of Base Resources in a research report on Thursday, October 24th. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of GBX 24.67 ($0.32).

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BSE stock remained flat at $GBX 10.75 ($0.14) during midday 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 stock’s fifty day moving average price is GBX 13.10 and its 200 day moving average price is GBX 13.53. Base Resources has a 12 month low of GBX 12 ($0.16) and a 12 month high of GBX 17.84 ($0.23). The stock has a market cap of $125.95 million and a price-to-earnings ratio of 3.26.

About Base Resources

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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