Tharisa plc 56.8% potential upside indicated by Berenberg Bank

Tharisa plc with ticker (LON:THS) now has a potential upside of 56.8% according to Berenberg Bank.

THS.L

Berenberg Bank set a target price of 120 GBX for the company, which when compared to the Tharisa plc share price of 77 GBX at opening today (06/06/2024) indicates a potential upside of 56.8%. Trading has ranged between 47 (52 week low) and 94 (52 week high) with an average of 224,745 shares exchanging hands daily. The market capitalisation at the time of writing is £5,705,437,840.

Tharisa PLC is a Cyprus-based mining company. The Company is an integrated resource group with controlling interests in platinum group metals (PGMs) and chrome mining, processing operations and associated sales and logistics operations. It operates the Tharisa Mine, a co-producing, open pit PGM and chrome mine located in the Bushveld Complex of South Africa. Its subsidiaries include Tharisa Minerals, Arxo Metals, Arxo Resource and Arxo Logistics. Tharisa Minerals produces PGM concentrate, as well as metallurgical and chemical grade chrome concentrates from a shallow open pit mine near Rustenburg, North West Province. Arxo Metals produces specialized chemical and foundry-grade chrome concentrates. Its Arxo Resources markets and sells metallurgical grade chrome concentrate to customers, primarily in Asia. Its Arxo Logistics manages rail and road distribution of PGM concentrate and chrome concentrates produced by the Tharisa Mine.