Kenmare Resources (LON:KMR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Kenmare Resources plc (LON:KMR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 349.43 ($4.65) and traded as high as GBX 413.50 ($5.50). Kenmare Resources shares last traded at GBX 407.50 ($5.42), with a volume of 129,265 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 580 ($7.71) price objective on shares of Kenmare Resources in a report on Wednesday, March 26th.

Kenmare Resources Price 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 business has a 50-day moving average price of GBX 396.58 and a two-hundred day moving average price of GBX 349.43. The firm has a market capitalization of £434.46 million, a price-to-earnings ratio of 5.54, a PEG ratio of 0.03 and a beta of 0.58.

Kenmare Resources Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 8th will be issued a $0.17 dividend. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 8th. This is a boost from Kenmare Resources’s previous dividend of $0.15. Kenmare Resources’s dividend payout ratio (DPR) is 59.17%.

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.