Tharisa (LON:THS) Earns Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Tharisa (LON:THS) in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 130 ($1.67) target price on the stock.

Tharisa Stock Performance

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

Tharisa Cuts Dividend

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