Kenmare Resources Rating Reiterated by Panmure Gordon (KMR)
Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reaffirmed by investment analysts at Panmure Gordon in a note issued to investors on Friday, American Banking and Market News reports. They currently have a GBX 36 ($0.57) price objective on the stock. Panmure Gordon’s price objective would indicate a potential upside of 33.83% from the company’s current price.
KMR has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Kenmare Resources (LON:KMR) from GBX 60 ($0.95) to GBX 50 ($0.79) in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kenmare Resources (LON:KMR) in a research note to investors on Thursday, September 12th. They now have a GBX 33 ($0.52) price target on the stock. Finally, analysts at Merrion Stockbrokers downgraded shares of Kenmare Resources (LON:KMR) to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a GBX 35 ($0.56) price target on the stock.
One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 37.38 ($0.59).
Kenmare Resources (LON:KMR) traded up 1.90% during mid-day trading on Friday, hitting GBX 27.41. 2,792,292 shares of the company’s stock traded hands. Kenmare Resources has a 1-year low of GBX 23.33 and a 1-year high of GBX 44.62. The stock has a 50-day moving average of GBX 28.78 and a 200-day moving average of GBX 28.56. The company’s market cap is £693.8 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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