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

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

Shares of Bushveld Minerals stock traded down GBX 0.50 ($0.01) during mid-day trading on Monday, reaching GBX 23 ($0.30). 1,597,382 shares of the stock were exchanged, compared to its average volume of 3,480,000. The company has a market cap of $265.18 million and a price-to-earnings ratio of 6.97. 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 has a 50-day simple moving average of GBX 22.42 and a 200 day simple moving average of GBX 24.45. Bushveld Minerals has a fifty-two week low of GBX 19.50 ($0.25) and a fifty-two week high of GBX 49.40 ($0.65).

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.