Tharisa (LON:THS) Hits New 1-Year High at $86.60

Tharisa plc (LON:THS)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 86.60 ($1.10) and last traded at GBX 86.60 ($1.10), with a volume of 1294269 shares. The stock had previously closed at GBX 84.60 ($1.07).

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on shares of Tharisa from GBX 130 ($1.64) to GBX 120 ($1.52) and set a “buy” rating for the company in a report on Thursday, May 23rd.

Tharisa Stock Performance

The firm’s 50-day moving average price is GBX 75.58 and its two-hundred day moving average price is GBX 65.52. The company has a debt-to-equity ratio of 20.68, a quick ratio of 1.80 and a current ratio of 2.20. The stock has a market cap of £259.66 million, a price-to-earnings ratio of 402.86 and a beta of 0.98.

Tharisa Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 26th. Stockholders of record on Thursday, June 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a dividend yield of 1.56%. Tharisa’s payout ratio is 1,904.76%.

Tharisa Company Profile

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.