Tharisa plc (LON:THS - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 61.21 ($0.79) and traded as low as GBX 55 ($0.71). Tharisa shares last traded at GBX 56 ($0.72), with a volume of 188,329 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 120 ($1.55) target price on shares of Tharisa in a research note on Thursday, November 28th.
Get Our Latest Report on THS
Tharisa Trading Down 2.4 %
The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70. The company has a market cap of £195.96 million, a PE ratio of 2.48 and a beta of 0.90. The stock has a 50 day moving average price of GBX 60.69 and a 200 day moving average price of GBX 67.52.
Tharisa Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, March 12th. Investors of record on Thursday, February 27th will be paid a $0.03 dividend. This represents a dividend yield of 3.71%. This is a positive change from Tharisa's previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, February 27th. Tharisa's dividend payout ratio (DPR) is presently 9.15%.
About Tharisa
(
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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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