Tharisa (LON:THS) Shares Up 2.9% - Still a Buy?

Key Points

• Tharisa plc's stock price increased by 2.9%, trading at GBX 106 ($1.43) with a significantly higher trading volume of about 601,651 shares.
• Berenberg Bank has reiterated a "buy" rating for Tharisa, setting a price target of GBX 200, contributing to a current consensus rating of "Buy" for the stock.
• Tharisa is a low-cost producer of platinum group metals and chrome concentrates, utilizing a vertical structure for efficient resource management in South Africa.

Tharisa plc (LON:THS - Get Free Report)'s stock price was up 2.9% during trading on Wednesday . The stock traded as high as GBX 108 ($1.46) and last traded at GBX 106 ($1.43). Approximately 601,651 shares traded hands during trading, an increase of 128% from the average daily volume of 263,381 shares. The stock had previously closed at GBX 103 ($1.39).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 200 price objective on shares of Tharisa in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Tharisa currently has a consensus rating of "Buy" and a consensus price target of GBX 200.

Tharisa Stock Up 2.9%

The business's fifty day moving average price is GBX 92.02 and its 200 day moving average price is GBX 76.72. The firm has a market capitalization of £312.28 million, a price-to-earnings ratio of 630.95 and a beta of 0.90. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70.

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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