Tharisa (LON:THS) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Tharisa (LON:THS) in a research report report published on Thursday morning,Digital Look reports. Berenberg Bank currently has a GBX 120 ($1.52) price target on the stock.

Tharisa Stock Up 2.9 %

Tharisa stock opened at GBX 70 ($0.89) on Thursday. The company’s 50 day simple moving average is GBX 70.03 and its 200 day simple moving average is GBX 75.65. Tharisa has a fifty-two week low of GBX 47 ($0.60) and a fifty-two week high of GBX 87.10 ($1.11). The firm has a market capitalization of £206.64 million, a price-to-earnings ratio of 333.33 and a beta of 0.90. The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80.

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 issued a dividend of $0.03 per share. This is an increase from Tharisa’s previous dividend of $0.02. This represents a yield of 3.71%. The ex-dividend date is Thursday, February 27th. Tharisa’s dividend payout ratio (DPR) is 952.38%.

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.