Base Resources (LON:BSE) had its target price cut by Peel Hunt from GBX 31 ($0.41) to GBX 29 ($0.38) in a report published on Thursday, January 17th. They currently have a buy rating on the stock.
Separately, 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 for the company.
Shares of BSE stock traded down GBX 0.25 ($0.00) during mid-day trading on Thursday, hitting GBX 13.25 ($0.17). The company’s stock had a trading volume of 266,188 shares, compared to its average volume of 24,568. 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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