Tharisa (LON:THS) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Tharisa (LON:THS) in a research report released on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 120 ($1.52) price objective on the stock.

Tharisa Price Performance

THS opened at GBX 69 ($0.88) on Thursday. The company has a fifty day moving average price of GBX 69.89 and a two-hundred day moving average price of 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. The firm has a market capitalization of £203.69 million, a PE ratio of 328.57 and a beta of 0.90. Tharisa has a 52 week low of GBX 47 ($0.60) and a 52 week high of GBX 87.10 ($1.11).

Tharisa Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th will be paid a $0.03 dividend. This is a positive change from Tharisa’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 3.71%. Tharisa’s dividend payout ratio is presently 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.