Berenberg Bank Reiterates “Buy” Rating for Tharisa (LON:THS)

Berenberg Bank reissued their buy rating on shares of Tharisa (LON:THS) in a report published on Wednesday, MarketBeat.com reports. Berenberg Bank currently has a GBX 130 ($1.67) target price on the stock.

Tharisa Stock Performance

Shares of THS opened at GBX 81.50 ($1.04) on Wednesday. Tharisa has a 1-year low of GBX 47 ($0.60) and a 1-year high of GBX 87.10 ($1.12). The company has a debt-to-equity ratio of 20.68, a current ratio of 2.20 and a quick ratio of 1.80. The company has a 50-day moving average of GBX 77.81 and a 200 day moving average of GBX 66.42. The firm has a market capitalization of £244.37 million, a price-to-earnings ratio of 388.10 and a beta of 0.98.

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 $0.02 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a dividend yield of 1.56%. Tharisa’s dividend payout ratio (DPR) is currently 1,904.76%.

About Tharisa

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.