Peel Hunt Reiterates “Buy” Rating for Bushveld Minerals (LON:BMN)

Peel Hunt reissued their buy rating on shares of Bushveld Minerals (LON:BMN) in a report released on Wednesday, November 13th, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reiterated a buy rating and issued a GBX 45 ($0.59) price target on shares of Bushveld Minerals in a report on Thursday, November 7th.

LON BMN remained flat at $GBX 21.75 ($0.28) during trading on Wednesday. 1,234,817 shares of the company were exchanged, compared to its average volume of 3,480,000. The company has a market capitalization of $250.77 million and a price-to-earnings ratio of 6.59. Bushveld Minerals has a 52-week low of GBX 19.50 ($0.25) and a 52-week high of GBX 48.50 ($0.63). The company has a current ratio of 4.73, a quick ratio of 3.51 and a debt-to-equity ratio of 2.78. The firm’s fifty day moving average is GBX 23.34 and its 200-day moving average is GBX 23.72.

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.