Base Resources (LON:BSE) Given “Buy” Rating at Berenberg Bank

Base Resources (LON:BSE)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They currently have a GBX 25 ($0.33) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 132.56% from the stock’s previous close.

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

Shares of LON:BSE remained flat at $GBX 10.75 ($0.14) during trading on Thursday. The stock had a trading volume of 41,000 shares, compared to its average volume of 24,568. The stock has a market capitalization of $125.95 million and a price-to-earnings ratio of 3.26. Base Resources has a 52-week low of GBX 12 ($0.16) and a 52-week high of GBX 17.84 ($0.23). The company has a quick ratio of 1.48, a current ratio of 1.86 and a debt-to-equity ratio of 5.91. The firm’s 50-day simple moving average is GBX 13.10 and its two-hundred day simple moving average is GBX 13.53.

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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