Base Resources’ (BSE) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of Base Resources (LON:BSE) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank reaffirmed a buy rating on shares of Base Resources in a research report on Thursday, June 4th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of GBX 21.25 ($0.26).

Shares of Base Resources stock opened at GBX 8.75 ($0.11) on Tuesday. The company has a fifty day moving average price of GBX 8.46 and a 200 day moving average price of GBX 10.04. The company has a current ratio of 2.33, a quick ratio of 1.71 and a debt-to-equity ratio of 4.35. Base Resources has a twelve month low of GBX 6.50 ($0.08) and a twelve month high of GBX 14 ($0.17). The stock has a market cap of $102.52 million and a price-to-earnings ratio of 3.37.

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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