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

Peel Hunt reiterated their buy rating on shares of Base Resources (LON:BSE) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

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

LON:BSE opened at GBX 8.75 ($0.11) on Tuesday. The firm has a market cap of $102.52 million and a PE ratio of 3.37. The stock has a fifty day moving average price of GBX 8.46 and a 200 day moving average price of GBX 10.04. Base Resources has a 12-month low of GBX 6.50 ($0.08) and a 12-month high of GBX 14 ($0.17). 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 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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Analyst Recommendations for Base Resources (LON:BSE)

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