Tharisa’s (THS) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Tharisa (LON:THS) in a research note released on Thursday, Marketbeat reports. They currently have a GBX 130 ($1.68) target price on the stock.

Tharisa Trading Up 1.2 %

Shares of THS stock opened at GBX 83 ($1.07) on Thursday. The company has a market capitalization of £248.87 million, a P/E ratio of 395.24 and a beta of 0.98. The company has a current ratio of 2.20, a quick ratio of 1.80 and a debt-to-equity ratio of 20.68. The business’s 50 day moving average is GBX 79.95 and its two-hundred day moving average is GBX 67.59. Tharisa has a twelve month low of GBX 47 ($0.61) and a twelve month high of GBX 87.10 ($1.13).

Tharisa Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 26th. Shareholders of record on Thursday, June 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a yield of 1.56%. Tharisa’s payout ratio is currently 1,904.76%.

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.