Kenmare Resources (LON:KMR) Earns “Buy” Rating from Peel Hunt

Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 485 price target on the stock. Peel Hunt’s target price would indicate a potential upside of 85.11% from the company’s current price.

Separately, Berenberg Bank cut their target price on shares of Kenmare Resources from GBX 370 to GBX 330 and set a “hold” rating for the company in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 407.50.

Kenmare Resources Stock Performance

KMR traded down GBX 16.73 during mid-day trading on Tuesday, reaching GBX 262. 1,823,482 shares of the company traded hands, compared to its average volume of 142,205. The company’s fifty day moving average price is GBX 289.05 and its 200-day moving average price is GBX 327.61. The stock has a market capitalization of £231.69 million, a P/E ratio of -4.52, a P/E/G ratio of 0.03 and a beta of 0.58. The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12. Kenmare Resources has a 52-week low of GBX 242 and a 52-week high of GBX 450.

About Kenmare Resources

Kenmare Resources plc is one of the world’s largest producers of titanium minerals. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma’s production accounts for approximately 6% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries.