Kenmare Resources (LON:KMR) Reaches New 1-Year Low – Here’s What Happened

Kenmare Resources plc (LON:KMR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 238 and last traded at GBX 238, with a volume of 121536 shares. The stock had previously closed at GBX 247.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Berenberg Bank decreased their price target on shares of Kenmare Resources from GBX 330 to GBX 300 and set a “hold” rating for the company in a report on Wednesday, November 19th. Peel Hunt reissued a “buy” rating and issued a GBX 485 target price on shares of Kenmare Resources in a report on Tuesday, November 18th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 392.50.

Kenmare Resources Stock Performance

The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average is GBX 266.81 and its two-hundred day moving average is GBX 308.86. The stock has a market capitalization of £210.47 million, a P/E ratio of -4.10, a P/E/G ratio of 0.03 and a beta of 0.58.

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.