Base Resources (BSE) Target Price Cut to GBX 29 by Analysts at Peel Hunt

Base Resources (BSE) Target Price Cut to GBX 29 by Analysts at Peel Hunt

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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