Kenmare Resources Given “Buy” Rating at Canaccord Genuity (KMR)
Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a research note issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 33 ($0.52) price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 16.98% from the stock’s previous close.
Shares of Kenmare Resources (LON:KMR) traded up 0.74% on Thursday, hitting GBX 28.42. The stock had a trading volume of 850,863 shares. The stock has a 50-day moving average of GBX 28.68 and a 200-day moving average of GBX 28.84. The company’s market cap is £719.4 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Merrion Stockbrokers downgraded shares of Kenmare Resources (LON:KMR) to a “neutral” rating in a research note to investors on Tuesday. They now have a GBX 35 ($0.55) price target on the stock. Separately, 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. Finally, 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.
One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 39.13 ($0.61).
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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