Peel Hunt Reaffirms Buy Rating for Bushveld Minerals (LON:BMN)

Peel Hunt restated their buy rating on shares of Bushveld Minerals (LON:BMN) in a research note published on Thursday, October 24th, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt started coverage on Bushveld Minerals in a research report on Wednesday, September 4th. They issued a buy rating and a GBX 45 ($0.59) target price for the company.

BMN stock traded down GBX 0.25 ($0.00) during trading on Thursday, hitting GBX 22 ($0.29). 4,503,427 shares of the company traded hands, compared to its average volume of 3,480,000. Bushveld Minerals has a 1 year low of GBX 19.50 ($0.25) and a 1 year high of GBX 49.40 ($0.65). The company has a debt-to-equity ratio of 2.78, a quick ratio of 3.51 and a current ratio of 4.73. The company has a 50-day moving average of GBX 22.49 and a 200-day moving average of GBX 24.34. The firm has a market capitalization of $256.42 million and a PE ratio of 6.67.

Bushveld Minerals Company Profile

Bushveld Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production. It explores for vanadium, titanium, iron ore, phosphate, tin, and thermal coal deposits.