Base Resources (BSE) Rating Reiterated by Numis Securities

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.

Further Reading: Understanding the different types of bonds

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

Leave a Reply