Base Resources (LON:BSE)‘s stock had its “buy” rating restated by equities researchers at Numis Securities in a note issued to investors on Thursday, January 17th. They currently have a GBX 30 ($0.39) price target on the stock. Numis Securities’ target price indicates a potential upside of 126.42% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. Peel Hunt reissued a “buy” rating on shares of Base Resources in a research note on Thursday, October 18th. Berenberg Bank assumed coverage on Base Resources in a research note on Friday, December 7th. They issued a “buy” rating and a GBX 24 ($0.31) price target on the stock.
BSE opened at GBX 13.25 ($0.17) on Thursday. Base Resources has a 52-week low of GBX 14.02 ($0.18) and a 52-week high of GBX 20.62 ($0.27).
Base Resources Company Profile
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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