Sirius Minerals (LON:SXX) Earns “House Stock” Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of Sirius Minerals (LON:SXX) in a research report released on Monday, Digital Look reports.

Several other research firms also recently weighed in on SXX. Berenberg Bank decreased their price target on shares of Sirius Minerals from GBX 17 ($0.22) to GBX 4 ($0.05) and set a hold rating for the company in a research note on Monday, September 30th. Liberum Capital reissued a buy rating and set a GBX 9 ($0.12) price objective on shares of Sirius Minerals in a research report on Monday, November 11th.

Shares of LON SXX opened at GBX 3.59 ($0.05) on Monday. The firm has a market cap of $251.72 million and a PE ratio of 4.48. Sirius Minerals has a 12-month low of GBX 2.10 ($0.03) and a 12-month high of GBX 8,389 ($109.62). The company’s fifty day simple moving average is GBX 3.28 and its 200 day simple moving average is GBX 9.67. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 82.48.

In other news, insider Christopher N. Fraser acquired 250,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of GBX 4 ($0.05) per share, for a total transaction of £10,000 ($13,066.77).

Sirius Minerals Company Profile

Sirius Minerals Plc engages in the exploration and development of resource properties in the United Kingdom. The company focuses on the development of the Woodsmith mine that explores for polyhalite deposit, a multi-nutrient fertilizer containing potassium, sulphur, magnesium, and calcium resources located in North Yorkshire.

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