Kenmare Resources (LON:KMR) Earns “Buy” Rating from Berenberg Bank

Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a GBX 580 ($7.51) target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 39.42% from the company’s current price.

Kenmare Resources Stock Down 3.3 %

Shares of LON KMR opened at GBX 416 ($5.39) on Wednesday. The stock has a market cap of £459.88 million, a P/E ratio of 5.86, a P/E/G ratio of 0.03 and a beta of 0.58. Kenmare Resources has a 52-week low of GBX 270 ($3.50) and a 52-week high of GBX 450 ($5.83). The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The firm has a 50 day moving average price of GBX 337.23 and a 200 day moving average price of GBX 335.86.

About Kenmare Resources

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.