Tharisa (LON:THS) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Tharisa (LON:THS) in a research report sent to investors on Tuesday, Digital Look reports. The brokerage currently has a GBX 150 ($1.96) price target on the stock.

Separately, Peel Hunt reaffirmed a hold rating and issued a GBX 935 ($12.22) target price (up from GBX 920 ($12.02)) on shares of Antofagasta in a report on Tuesday.

THS stock opened at GBX 111 ($1.45) on Tuesday. The company has a market capitalization of $292.86 million and a price-to-earnings ratio of 9.25. The company has a current ratio of 2.09, a quick ratio of 1.75 and a debt-to-equity ratio of 24.97. The firm has a 50 day simple moving average of GBX 106.58. Tharisa has a 12-month low of GBX 84 ($1.10) and a 12-month high of GBX 121.94 ($1.59).



The firm also recently announced a dividend, which was paid on Wednesday, June 19th. Stockholders of record on Thursday, June 6th were issued a $0.01 dividend. This represents a dividend yield of 0.36%. The ex-dividend date was Thursday, June 6th. Tharisa’s dividend payout ratio is presently 0.17%.

About Tharisa

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 China, South Africa, Singapore, Hong Kong, and internationally. The company operates through three segments: PGM, Chrome, and Agency and Trading.

Further Reading: Can systematic risk be avoided?

Receive News & Ratings for Tharisa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tharisa and related companies with MarketBeat.com's FREE daily email newsletter.