Kenmare Resources (LON:KMR) PT Lowered to GBX 780

Posted by on May 5th, 2023

Kenmare Resources (LON:KMR – Get Rating) had its target price lowered by equities research analysts at Berenberg Bank from GBX 820 ($10.24) to GBX 780 ($9.75) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 73.91% from the company’s current price.

Kenmare Resources Price Performance

LON:KMR opened at GBX 448.50 ($5.60) on Wednesday. The company has a debt-to-equity ratio of 7.28, a current ratio of 4.07 and a quick ratio of 1.22. The firm has a market cap of £425.31 million, a price-to-earnings ratio of 264.74, a price-to-earnings-growth ratio of 0.03 and a beta of 0.44. The company has a 50 day moving average price of GBX 468.99 and a 200-day moving average price of GBX 452.40. Kenmare Resources has a 1-year low of GBX 370.80 ($4.63) and a 1-year high of GBX 500 ($6.25).

Kenmare Resources Company Profile

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Kenmare Resources plc, together with its subsidiaries, produces and sells mineral sand products in China, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, zircon, and rutile; and concentrates, including secondary zircon and mineral sand concentrates.

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