Base Resources Ltd (LON:BSE)‘s stock had its “buy” rating reissued by research analysts at Numis Securities Ltd in a report released on Friday, July 14th. They currently have a GBX 30 ($0.39) price objective on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 73.91% from the stock’s previous close.
Separately, Shore Capital restated a “not rated” rating on shares of Base Resources in a research report on Wednesday, April 12th.
Base Resources (LON BSE) opened at 17.25 on Friday. Base Resources has a 12 month low of GBX 7.00 and a 12 month high of GBX 21.50. The company’s market capitalization is GBX 128.03 million. The firm has a 50-day moving average price of GBX 16.23 and a 200 day moving average price of GBX 17.19.
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Base Resources Company Profile
Base Resources Limited is an Australia-based mineral sands producer. The Company is engaged in the operation of the 100%-owned Kwale Mineral Sands Operation (Kwale Operation) in Kenya. The Company’s segments include Kwale Operation and Other operations. The Kwale Operation is located approximately 10 kilometers inland from the Kenyan coast and over 50 kilometers south of Mombasa, the principal port facility for East Africa.
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