Kenmare Resources (LON:KMR) Earns Hold Rating from Berenberg Bank

Kenmare Resources (LON:KMR)‘s stock had its “hold” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 350 ($4.52) target price on the stock. Berenberg Bank’s price target would suggest a potential downside of 12.94% from the stock’s previous close.

Kenmare Resources Trading Up 3.1 %

Shares of LON KMR opened at GBX 402 ($5.20) on Thursday. The business’s 50 day moving average is GBX 306.09 and its two-hundred day moving average is GBX 327.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22. Kenmare Resources has a 1-year low of GBX 270 ($3.49) and a 1-year high of GBX 437.84 ($5.66). The stock has a market capitalization of £444.41 million, a P/E ratio of 5.66, a PEG ratio of 0.03 and a beta of 0.58.

Kenmare Resources Company Profile

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.