RBC Capital Reiterates “Outperform” Rating for Kenmare Resources (KMR)
Kenmare Resources (LON:KMR)‘s stock had its “outperform” rating restated by stock analysts at RBC Capital in a report issued on Thursday, AR Network reports. They currently have a GBX 40 ($0.66) target price on the stock. RBC Capital’s target price suggests a potential upside of 120.87% from the stock’s previous close.
A number of other analysts have also recently weighed in on KMR. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kenmare Resources in a research note to investors on Thursday. They now have a GBX 24 ($0.39) price target on the stock. Separately, analysts at Westhouse Securities cut their price target on shares of Kenmare Resources from GBX 30 ($0.49) to GBX 22 ($0.36) in a research note to investors on Monday. They now have an “add” rating on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “sell” rating on shares of Kenmare Resources in a research note to investors on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 31 ($0.51).
Kenmare Resources (LON:KMR) traded up 6.18% on Thursday, hitting GBX 19.23. The stock had a trading volume of 11,733,031 shares. Kenmare Resources has a 52 week low of GBX 18.09 and a 52 week high of GBX 38.00. The stock’s 50-day moving average is GBX 19.33 and its 200-day moving average is GBX 23.94. The company’s market cap is £486.8 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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