Tharisa (LON:THS) Sets New 1-Year High - Should You Buy?

Key Points

• Tharisa plc's share price hit a new 52-week high of GBX 102 ($1.36) during trading, closing at GBX 101 ($1.35) with a trading volume of 840,972 shares.
• Berenberg Bank has reaffirmed a "buy" rating for Tharisa and set a price target of GBX 200, indicating strong analyst support with a consensus rating of "Buy."
• The company operates in the platinum group metals and chrome concentrates sectors, boasting a market capitalization of £297.55 million and a low-cost production model through innovative technologies.

Tharisa plc (LON:THS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 102 ($1.36) and last traded at GBX 101 ($1.35), with a volume of 840972 shares changing hands. The stock had previously closed at GBX 97.50 ($1.30).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 200 price target on shares of Tharisa in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 200.

Tharisa Trading Up 3.6%

The company has a market capitalization of £297.55 million, a PE ratio of 601.19 and a beta of 0.90. The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84. The business has a fifty day moving average price of GBX 91.35 and a 200 day moving average price of GBX 75.55.

Tharisa Company Profile

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.

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