Kenmare Resources’ (KMR) Hold Rating Reiterated at Berenberg Bank

Kenmare Resources (LON:KMR)‘s stock had its “hold” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 350 ($4.51) price objective on the stock. Berenberg Bank’s price objective points to a potential downside of 10.37% from the company’s previous close.

Kenmare Resources Price Performance

Shares of KMR traded up GBX 115.50 ($1.49) during mid-day trading on Thursday, reaching GBX 390.50 ($5.03). The company had a trading volume of 1,212,509 shares, compared to its average volume of 131,196. Kenmare Resources has a twelve month low of GBX 270 ($3.48) and a twelve month high of GBX 435 ($5.61). The company’s 50-day moving average is GBX 303.50 and its 200-day moving average is GBX 326.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22. The company has a market capitalization of £431.69 million, a P/E ratio of 5.50, a P/E/G 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.