Tharisa’s (THS) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Tharisa (LON:THS) in a research note published on Thursday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 120 ($1.52) price target on the stock.

Tharisa Stock Up 1.5 %

THS opened at GBX 69 ($0.88) on Thursday. Tharisa has a twelve month low of GBX 47 ($0.60) and a twelve month high of GBX 87.10 ($1.11). The firm has a market cap of £203.69 million, a price-to-earnings ratio of 328.57 and a beta of 0.90. The firm’s 50-day simple moving average is GBX 69.89 and its 200-day simple moving average is GBX 75.69. The company has a debt-to-equity ratio of 15.84, a quick ratio of 1.80 and a current ratio of 2.07.

Tharisa Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 12th. Investors of record on Thursday, February 27th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, February 27th. This is a positive change from Tharisa’s previous dividend of $0.02. This represents a yield of 3.71%. Tharisa’s dividend payout ratio is 952.38%.

Tharisa Company Profile

Tharisa plc, an investment holding company, engages in the mining, processing, beneficiation, marketing, sale, and logistics of platinum group metals (PGM) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally. It operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing.