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Tharisa PLC (THAJ)

Johannesburg
Currency in ZAR
Disclaimer
1,571
-29(-1.81%)
Closed

THAJ Price Commentary

rerating happening 171p now
Due a re-rate. Miner Tharisa Plc reported a more than two-fold jump in full-year profit on Thursday, driven by strong production and improved prices of platinum group metals and chrome concentrates.
scary ride down 100 recovering to 139 today
“We remain Buy-rated. The stock is trading on 0.83x NAV, 1.9x EBITDA and a 13% FCF yield.”Berenberg’s price target is a punchy 190p, giving significant upside on the current trading level of 130.5p.
Tharisa reports record-breaking quarterRecord mining and processing rates were supported by strong PGM and chrome prices
Revenue in the six months to the end of March rose 61.2% to US$313.6mln from US$194.6mln the year before. The group said platinum group metals concentrate generated US$193.3mln of sales while US$102.1mln was derived from the sale of chrome concentrate.Underlying earnings (EBITDA) shot up 243% to US$124.2mln BUY
Absolutely printing cash with these spot prices. Looks amazing
on sale this morning at 148p thanks very much
High PGM prices make Tharisa PLC a cash machine, says Peel Hunt target 220p
Tharisa PLC (LON:THS) produced 35,000 ounces of platinum group elements during the second quarter to 31 March 2021, an increase of 11.5% year-on-year. Chrome concentrate production was up 15.5% to 358,400 tonnes year-on-year, and specialty chrome production was up 11.8% to 85,600 tonnes.
#ths
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