Kenmare Resources Lowered to “Neutral” at Merrion Stockbrokers (KMR)
Kenmare Resources (LON:KMR) was downgraded by stock analysts at Merrion Stockbrokers to a “neutral” rating in a report issued on Tuesday, AR Network reports. They currently have a GBX 35 ($0.55) price objective on the stock. Merrion Stockbrokers’ price objective indicates a potential upside of 23.41% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Kenmare Resources (LON:KMR) from a “buy” rating to a “conviction-buy” rating in a research note to investors on Wednesday, September 4th. They now have a GBX 40 ($0.63) price target on the stock. Separately, analysts at Goodbody Stockbrokers Ltd downgraded shares of Kenmare Resources (LON:KMR) to a “sell” rating in a research note to investors on Thursday, August 29th. They now have a GBX 24 ($0.38) price target on the stock. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Kenmare Resources (LON:KMR) in a research note to investors on Wednesday, August 28th.
One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Kenmare Resources presently has an average rating of “Buy” and an average price target of GBX 39.38 ($0.62).
Shares of Kenmare Resources (LON:KMR) opened at 28.98 on Tuesday. Kenmare Resources has a 52-week low of GBX 23.33 and a 52-week high of GBX 44.62. The stock’s 50-day moving average is GBX 28.65 and its 200-day moving average is GBX 28.94. The company’s market cap is £733.6 million.
Kenmare Resources plc (LON:KMR), along with its subsidiaries, is engaged in the operation of the Moma Titanium Minerals Mine (Moma) in Mozambique.
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