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

Berenberg Bank reaffirmed their buy rating on shares of Tharisa (LON:THS - Free Report) in a research report released on Thursday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 130 ($1.71) target price on the stock.

Tharisa Trading Up 3.8 %

Shares of Tharisa stock traded up GBX 2 ($0.03) on Thursday, hitting GBX 54 ($0.71). 202,340 shares of the company's stock traded hands, compared to its average volume of 165,962. The company has a market capitalization of £195.33 million, a price-to-earnings ratio of 2.47 and a beta of 0.90. The company has a fifty day moving average of GBX 58.40 and a two-hundred day moving average of GBX 63.93. The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80. Tharisa has a one year low of GBX 48.68 ($0.64) and a one year high of GBX 87.10 ($1.15).

Tharisa Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 12th. Investors of record on Thursday, February 27th were given a dividend of $0.03 per share. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Tharisa's previous dividend of $0.02. Tharisa's payout ratio is presently 9.15%.

About Tharisa

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.